Light Industry: Bright Dairy net down 40.2% (Shenzhen Daily) Updated: 2006-08-22 15:06
Bright Dairy and Food Co., in which France's Groupe Danone owns a 11.55
percent stake via unit Danone Asia Pte., said yesterday its first-half net
profit fell 40.2 percent due to increased marketing costs for its yogurt
products.
Net profit for the six months ended June 30 was 90.5 million yuan (US$11.31
million), down from 151.3 million yuan in the first half of 2005, according to
the company's statement on the Shanghai Stock Exchange’s Web
site. (For more biz stories, please visit Industry Updates)
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