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American Dairy results

This article was originally published in Foodnews

AMERICAN Dairy, based in China, has released its third-quarter financial results. Revenue grew 26% to reach US$41.2 million, and sales volume reached 8.4 million kg compared with 7.6 million kg in the same period last year, thanks to the continued sales growth of the Feihe brand in China. Net income totalled US$2.3 million, down from US$5.5 million a year ago, possibly due to the twin effects of the strong yuan and weakening US dollar.

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