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.
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