BIZCHINA / Biz Media Digest
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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