China Mengniu Dairy First Half 2024 Earnings: EPS: CN¥0.62 (vs CN¥0.77 in 1H 2023)

China Mengniu Dairy (HKG:2319) First Half 2024 Results

Key Financial Results

• Revenue: CN¥44.7b (down 13% from 1H 2023).
• Net income: CN¥2.45b (down 19% from 1H 2023).
• Profit margin: 5.5% (down from 5.9% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.62 (down from CN¥0.77 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Mengniu Dairy Earnings Insights

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Food industry in Hong Kong.

Performance of the Hong Kong Food industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with China Mengniu Dairy.

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