tiprankstipranks
Modern Dairy Records Strong Mid-Year Growth
Company Announcements

Modern Dairy Records Strong Mid-Year Growth

China Modern Dairy Holdings Ltd. (HK:1117) has released an update.

Don't Miss Our Christmas Offers:

China Modern Dairy Holdings Ltd. reports a robust interim financial performance for the first half of 2024, with cash EBITDA rising by 19.2% year-on-year to RMB1,515 million, bolstered by increased raw milk production and sales. The company has also seen a significant upgrade in its ESG rating to BBB by MSCI Inc., reflecting strong sustainability practices, and maintained a ‘BBB’ credit rating with a stable outlook from Standard & Poor’s. However, the board decided against declaring an interim dividend for the period.

For further insights into HK:1117 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App