Russia's WBD Q1 net profit up 30.6 pct, beats f'cast
MOSCOW, June 6 (Reuters) - Wimm-Bill-Dann (WBD) (WBD.N), Russia's leading dairy produce firm, posted a 30.6 percent rise in first-quarter net profit on Friday, beating market expectations.
WBD said in a statement earnings rose to $41.9 million from $32.1 million in the same period of 2007, while analysts expected them to be $39.1 million.
Sales rose by 34.8 percent to $731.9 million, also above the average forecast of $729.3 million in a Reuters poll. (Reporting by Maria Kiselyova; Editing by Melissa Akin)
© Thomson Reuters 2009 All rights reserved
Citadel enters the fray
Kenneth Griffin's powerful hedge fund has waded into the case of Goldman Sachs' purloined computer code, suing three of its former employees for setting up Teza Technologies. Full Article | Full Coverage


