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Record sales in China

This article was originally published in Foodnews

CHINA'S American Dairy Inc has announced a rise in revenues for the second quarter of this year of 61% to US$41.5 million. Volume sales grew 37% to 8.4 million kg. Net income, however, totalled US$4.1 million compared with US$5.3 million in the second quarter of 2006, which the company cites as "due to the noncash accrual of redemption premiums and near-term investment in promotional programmes".


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