Yashili sees lower net profit as sales slow

China Daily (Canada) - - FRONT PAGE -

Milk pow­der maker Yashili In­ter­na­tional Hold­ings Ltd said on Wed­nes­day it ex­pects its 2014 net profit to fall about 40 per­cent, hit by slow­ing de­mand for baby for­mula and higher mar­ket­ing and com­pli­ance costs. The profit warn­ing by Yashili, owned by Chi­naMeng­niu Dairy Co Ltd and French dairy gi­ant Danone, high­lights the chal­lenges lo­cal and for­eign firms face as in­tense com­pe­ti­tion makes growth more elu­sive in the world’s largest in­fant for­mula mar­ket.

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