Yashili NZ revenue dropped 42%, delayed 2023 accounts show

Yashili's site in Pōkeno. (Image: BusinessDesk)

Thu, 12 Dec 2024

Infant formula producer Yashili NZ continued to run at a loss last year with its revenue dropping 42%, its accounts show.The Chinese-owned dairy processor’s financial statements for the 12 months to December 2023 were filed this week, several months late.As has been reported, Yashili was referred to the enforcement unit of the Ministry of Business, Innovation and Employment (MBIE) after failing to file on time.Emails released under the Official Information Act show Yashili told MBIE structure changes in its shareholding companies and disr...

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