May 12, 2010
China Dairy's Q1 net profit shows decrease
Mainboard-listed China Dairy first quarter net profit fell 66% on-year to US$1.2 million for the three months ended March.
The company said its profit margins were affected by higher prices in raw materials.
Meanwhile, revenue grew 6.1% on-year to US$68.8 million.
Growth was driven by both increased demand and higher average selling prices.
Looking ahead, China Dairy expects the rising price of raw materials in the previous quarter to impact its profit margin.
