Yili lands US$3.43bn net profit in Q1
Yili, the largest dairy producer in China and Asia’s market leader, has posted a US$3.43bn (23.13bn yuan) net profit for Q1 2019, marking a big step towards it aim of generating 90bn yuan in annual revenue.
The firm’s net profit for the quarter represents a year-on-year increase of 17.1%
“In this rapidly changing and increasingly competitive environment, Yili Group has led the country in integrating resources and meeting consumer demands, making great contributions to the reshaping of the market landscape," said Shen Meng, executive chairman of Chanson Capital, in Yili’s press release.
The company’s statement noted that it has consistently positioned itself for continued growth, launching a diversified range of products including an energy drink, soy milk, and mineral water as well as expanding internationally.
Yili recently announced its plans to acquire 100% of the shares of New Zealand’s Westland Milk in a deal worth NZ$588mn, strengthening its presence in Oceania where its operations have been limited in comparison to its reach across Asia.
The firm consolidated its position as Asia’s leading dairy producer last year, with an annual revenue of US$11.97bn.
Amobee Appoints Nick Brien As CEO
In its latest strategic move, Amobee—a global multimedia advertising leader—announced that Nick Brien will be its Chief Executive Officer. The company is entirely owned by Singtel, Asia’s leading communications technology organisation, which provides consumers with mobile, broadband, and TV and businesses with data hosting, cloud, network infrastructure, analytics, and cybersecurity tools.
Brien, who has worked for Microsoft, Intel, P&G, and American Express, will take over to drive the next generation of advertising tech. Said Evangelos Simoudis, Chairman of the Board of Amobee: ‘Nick has the deep expertise in advertising that we need to seize the market opportunities ahead’.
How Did Brien Get Here?
Before joining Amobee, Brien led 15,000 people across 40 divisions as CEO of the Americas for Dentsu International. For thirty years, he’s helped brands pilot unique advertisements, keeping up with the latest trends. He’s served as CEO of McCann Worldgroup, global CEO of IPG Mediabrands, President of Hearst Marketing Services, and CEO of iCrossing. Over the course of his career, he’s consistently strategised how to keep up with digital shifts. Now, he’ll capitalise on Amobee’s legions of experienced data scientists and developers.
‘I’m excited to be joining Amobee at such a transformative time in our industry’, Brien explained. ‘We’ll pilot advertising accountability and intelligent decisioning. And there’s no doubt in my mind that optimising media performance—whether you’re targeting, planning, buying, or delivering—can only be achieved using applied science, machine learning, and data analytics’.
What Does This Mean for Amobee?
Amobee is set on growing its personal brand within the advertising sector. As APAC social media influencers, Gen Z growth hackers, and viral content producers start to enter the field, established companies will be working doubly hard to keep up. Amobee, however, is still looking good. With a Gartner Magic Quadrant for Ad Tech, a Forrester New Wave recognition, and now, Nick Brien as CEO, the firm is set up for success.