China Modern Dairy Holdings Ltd. reported audited consolidated earnings results for the year ended 31 December 2017. For the year, the company reported revenue of RMB 4,783,801,000 compared to RMB 4,862,311,000 a year ago. Loss before finance costs and tax was RMB 666,479,000 compared to RMB 416,409,000 a year ago. Loss before tax was RMB 994,874,000 compared to RMB 784,991,000 a year ago. Loss and total comprehensive expense attributable to owners of the company was RMB 975,116,000 or 16.19 cents per basic and diluted share compared to RMB 742,103,000 or 13.99 cents per basic and diluted share a year ago. The cash EBITDA increased to RMB 1,081.8 million for the year ended 31 December 2017 against RMB 840.4 million a year ago. The group’s revenue was slightly decreased by 1.61% mainly due to the impact of transition between business and market of branded milk. As at 31 December 2017, the group’s capital commitments amounted to RMB 41.9 million related to the acquisition of property, plant and equipment against RMB 134.3 million a year ago.