September 21, 2005

American Dairy expects 133 percent surge in Q3 net profits

American Dairy, Inc., a leading producer and distributor of milk powder in China, expected its net profits for this year's third quarter to reach US$2.8 - $3.0 million. This was a surge of about 133 percent from US$1.2 million registered during the same period in 2004.

Revenue for this year's third quarter was expected to reach US$14.0 - $15.0 million, up by at least 55 percent from US$9.0 million during the same period last year.