Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 2 August 2017, 09:59 HKT/SGT

Source: Ausnutria Dairy Corporation Ltd
Ausnutria Dairy 2017 Interim Results Expected to Show Continuous Growth
Fifth Profit Alert in Past Two Years; Reaping the Benefits of an Adjusted Business Strategy
Sales of Own-branded Products and Profit Attributable to the Shareholders Expected to Surge by 50%

HONG KONG, Aug 2, 2017 - (ACN Newswire) - Ausnutria Dairy Corporation Ltd ("Ausnutria" or the "Company", together with its subsidiaries, the "Group"; stock code: 1717.HK), a leading dairy industry company with production facilities principally based in the PRC, the Netherlands and Australia, is engaged in the production and distribution of all dairy products (including infant formula) and nutrition products. Today, the Group is pleased to announce that it expects to record an increase of more than 50% in profits attributable to shareholders, in the range of RMB152 million to RMB158 million for the six months ended of 30th June 2017 ("2017 Interim Period"), compared with RMB101 million during the same period of 2016.

The Group's expected growth in the first half year of 2017 was mainly driven by: (i) the restructuring of the strategical and business plan of the core business, the own-branded infant formula, of the Group which was preliminary proved to be effective; (ii) improvements of the overall organisational structure and sales network; (iii) clear brand positioning and the implementation of innovative business strategies which helped the Group effectively meet and satisfy different demands in the PRC market.

Reviewing the 2017 Interim Period, Ausnutria's business development has made significant progress with its improved upstream industry chain and optimised business development strategy. In May, Ausnutrition Care Pty Ltd. ("Ausnutrition Care"), an indirect, wholly-owned subsidiary of the Company, and ADP Group Ltd. entered into the Australian Dairy Park Pty Ltd ("ADP") SPD, under which Ausnutria will acquire the entire issued share capital of ADP Holdings. On the same date, Spring Choice, a direct, wholly-owned subsidiary of Ausnutria, and El Dorado Health Products Technology Pty Ltd. entered into the Oz SPD to acquire 50% of Ozfarm's equity. The Group's supply portfolio until now has extended from the Netherlands and New Zealand to Australia, and complements extremely well with the Group's existing product line. At the same time, the Group has achieved a solid synergy with its existing businesses through its firmly established distribution system, customer network, and innovative marketing model. The two previously noted transactions were completed in early July this year. The Group has also been making continual progress in the establishment of its sales network. For example, in line with plans to develop the market for its own-branded items (especially goat milk-based infant formula) in Taiwan, the Group entered into a joint venture with an established company in Taiwan that markets its own "YOULUCK" brand and has a well-established sales network through Spring Choice.

The Group has released updated profit alerts five times since May 2016. Thanks to the contributing factors mentioned previously, sales of both own-branded goat milk-based and cow milk-based infant formula recorded an increase of 50%, with results meeting the expectations.

Mr. Yan Weibin, Chairman of the Group, said "Since 2016, the Group has achieved continual increases in the sales of own-branded goat milk-based and cow milk-based infant formula products, which have been driven by a revised business strategy as well as enhanced business development and various breakthroughs. 2017 is the second year of Ausnutria's 'Golden Decade' strategy. In accordance with the established plan, the Group will continue to accelerate research and development activities of its upstream supply chain in order to maintain the healthy growth of our core infant formula and new nutrition product operations. With new business opportunities for our nutrition products developing apace, the PRC sales network as well as new global business areas have also developed as planned. Demand for infant formula is still maintaining steady growth across the PRC, which presents encouraging market potential for the Group, having already gained valuable market and consumer recognition of our high-quality infant formula there. We firmly believe that our excellent brand positioning plus the on-going expanded sales of our own-branded infant formula will allow us to achieve further growth results. We will strive hard to create greater value for our consumers and shareholders."

About Ausnutria Dairy Corporation Ltd.
Ausnutria Dairy Corporation Ltd is a leading paediatric milk formula company with production facilities principally based in the PRC, Netherlands and Australia. The Company is engaged in the worldwide production, research, and sales of infant formula, adult milk and other dairy and nutrition products. It owns several famous infant formula and milk powder brands, among which Ausnutria and Kabrita are widely recognized as famous Chinese trademarks.Ausnutria's factories in the PRC were among that first batch of factories that had been granted with the National Infant Formula Enterprise Production Permit. The factory in the Netherlands is also one of the first paediatric milk formula manufacturers to obtain import licenses for overseas products under the new policy.

Aug 2, 2017 09:59 HKT/SGT
Topic: Press release summary
Sectors: Investors/Exchanges, Food/Beverage
From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Ausnutria Dairy Corporation Ltd
Aug 14, 2017 09:55 HKT/SGT
In the Second Year of its 'Golden Decade' Strategy, Ausnutria Records New Highs in 1H 2017
May 23, 2017 09:51 HKT/SGT
Ausnutria Acquires Leading Australian Milk Powder Producer "ADP" and "Ozfarm" at RMB170 million
May 12, 2017 08:38 HKT/SGT
Ausnutria Announces 2017 First Quarter Results
Mar 31, 2017 13:15 HKT/SGT
Emerging Benefits from Two-Child Policy Boost PRC Goat Milk Powder Market; Ausnutria Dairy Expected to Grow with Precise Strategies
Mar 14, 2017 18:08 HKT/SGT
Ausnutria Recorded New Highs in 2016 with Clear Strategic Layout
Feb 13, 2017 09:43 HKT/SGT
Ausnutria Announces Positive Profit Alert for 2016 Annual Results
Nov 7, 2016 02:00 HKT/SGT
Ausnutria Announces a Positive Profit Alert for 3Q2016
Sept 29, 2016 20:30 HKT/SGT
Ausnutria to Form the Joint Venture with Westland in New Zealand
Aug 24, 2016 21:25 HKT/SGT
Ausnutria to Acquire Australian Professional Nutrition Company "Nutrition Care" at a Total Consideration of Approximately RMB159.9 Million
Aug 12, 2016 23:11 HKT/SGT
Ausnutria Dairy 2016 Interim Revenue and Net Profit Increased Significantly by Approximately 37.1% and 150.6% Respectively
More news >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: