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Economic squalls dent WBD performance

This article was originally published in Dairy Markets

Russia's Wimm-Bill-Dann (WBD) has cut revenue and earnings forecasts after a lower than expected 8.8% rise in second quarter net profit. The dairy giant admits that is has had to face the twin problems of higher raw milk costs and slowing demand (see 'Lower milk consumption in Russia puts brake on prices', Dairy AgraNet, 28.08.2008).



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