Article: CHINA DAIRY PRODUCTS MAKERS FORESEEN TO INCUR LOSSES IN 08


AsiaInfo Services
01-23-2009
China Dairy Products Makers Foreseen to Incur Losses in 08

BEIJING, Jan 23, 2009 (SinoCast Daily Business Beat via COMTEX) -- China's top three dairy products makers, Inner Mongolia Yili Industrial Group Co., Ltd. (SHSE: 600887), China Mengniu Dairy Co., Ltd. (SEHK: 2319), and Bright Dairy & Food Co., Ltd. (SHSE: 600597), are all estimated to incur losses in 2008 due to the scandal of melamine-stained milk powder.

Because of increasing sales expenses, declining sales volume, and products callback, Yili was foreseen to suffer a net loss of CNY 20.5991 million, or CNY 0.04 per share, in 2008, the Shanghai-listed company said in a statement on January 23, 2009. ...

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