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Mengniu H1 profit soars 14%

China Mengniu Dairy Co said yesterday first half profit grew 14 percent despite a fall in sales revenue, indicating that it has recovered from most of the problems associated with the melamine scandal.
Most of the listed Chinese firms that have come out with first half earnings numbers have indicated of mixed fortunes for the second half of the year, according to analysts and experts.
China Daily
China Coal produces 52.7m tons of coal in H1, up 5.4%
Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, reported a 2.8-percent growth in first half net profit on brisk increase in lending and fee-based revenue.
Hisense profit up 87.9% due to flat-panel TV sales
Bank of Communications, one of the largest mainland-based commercial lenders, on Wednesday reported a net profit of 15.6 billion yuan ($2.3 billion) for the six months ended June 30.
Net profit of beer producer Yanjing up 25% in H1

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