Danone SA (DANO.PA)
* Danone 1st-half operating margin 12.12 pct vs expected 12.27 pct
PARIS, July 24 - French food group Danone posted lower-than-expected first-half operating profit on Friday and said it was selling its flagship Dumex infant formula unit in China, which has been hit by food scares, taking a 398 million euros ($437 million)impairment charge.
* Competition rising in China's $20 bln formula market (Recasts, adds Danone statement)
HONG KONG, July 24 - Chinese milk formula maker Yashili International Holdings Ltd said on Friday it has agreed to buy an infant milk formula unit from Danone SA and will work with the French dairy giant on a New Zealand manufacturing plant.
* Sales 5.47 bln euros, up 4.8 pct like-for-like vs f'cast 4.6 pct
April 15 - DANONE : Chief Financial Officer Cecile Cabanis tells analysts: * Danone still expects European dairy volumes to stabilise by end of this year or early next year
PARIS, April 15 - Danone said on Wednesday that underlying first-quarter sales rose 4.8 percent, beating expectations, driven by a recovery in baby food sales in Asia and robust growth in waters.
Earnings vs. Estimates
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Danone SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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