Capital, Earnings & M&A
Mengniu Reports First Loss in 8 Years as Yashili Drags Down Performance
Mengniu and its subsidiary Yashili issued a profit warning, expecting a significant loss for Yashili in 2016, which will drag Mengniu's overall performance into a loss. This marks Mengniu's first annual loss since the 2008 melamine scandal, with the company attributing the loss to Yashili's poor performance and a one-time goodwill impairment.
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