Wimm Bill Dann 1H 2008 Net Income up 19.4%
Published: 28 August, 2008, 11:47
Russian dairy, baby food, and beverages producer, Wimm Bill Dann, has reported a Net Income of $78.6 million for 1H 2008 under U.S. GAAP.
EBITDA for the half was up 24.9% on the same period 2007 to $183.8 million, on Sales of $1.49 Billion, up 30%.
The company noted the performance of its baby foods division which experienced 65% growth, year on year, strengthening its position as market leader. Dairy products sales were up 28.8% and beverages up 22.1%. Wimm Bill Dann says that despite the dramatic increase in worldwide food prices, and uncertain macroeconomic environment, its position is continuing to improve.
28.08.2008, 11:21
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28.08.2008, 13:50
ConocoPhillips looks ahead as Yuzhno Khylchuyu J.V. with Lukoil starts productionConocophillips and Lukoil have begun oil production in the Yuzhno Khylchuyu field located in the Nenets Autonomous District. 70% of the joint venture belongs to Lukoil, in which ConocoPhillips has a 20% stake. |
