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Danone’s First Half Financials Are Encouraging

July 28, 2017: 12:00 AM EST
Yogurt producer Danone posted first half financials that beat analyst expectations, despite a slowdown in sales in the second quarter. Operating profit in the first half was $2 billion, up 7.3 percent over the same period a year ago. Sales in the half year totaled $14.3 billion, an increase of 0.4 percent. The company sees growth speeding up in the next half-year for all segments. Improvements are expected in its water business in China, where growth was 0.8 percent in the first half, compared to single-digit growth elsewhere, and double-digit growth for Evian in the U.S.
Andy Coyne , "Danone - analysts largely upbeat following results", just-food.com, July 28, 2017, © just-food.com
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