date:Oct 17, 2012
that the acquisition of Yulong Cattle increased its number of the cows by 3,800 and improved production capacity by approximately 90 tons per day.
The price of milk, which has increased 72% to $ 0.53 per kg from $ 0.31 per kg in last year, also contributed to the rise in revenue.
Gross profit totaled $19.1m, up 46%, compared to $13.1m during the last fiscal year.
Net income totaled $17.4m, an increase of 96.6%, compared to $8.9m in the prior year period.
China Modern Agricultural Information