Westland Milk Products and Oceania Dairy revenue grows 16% in first half of year

Westland Milk Products and Oceania Dairy revenue grows 16% in first half of year
(Image: BusinessDesk)
Riley Kennedy
Yili Group says revenue across Westland Milk Products and Oceania Dairy grew 16% in the first half of the year.Before tax profit, it said, grew 12% over the six-month period to June 30.It did not provide an exact figure for both revenue and profit. Still, during its 2024 financial year, Westland recorded revenue of $1.15 billion and a loss of $34.7 million, hit by a non-cash negative movement in cash flow hedges.Oceania, meanwhile, reported a total loss of $15.2m in the 12-month period with revenue of $447.1m.It is uncommon for these...

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