JAPAN: Meiji Milk Products H1 suffers from dairy slowdown and price competition
Earlier today [Tuesday], dairy producer Meiji Milk Products Co. posted a 76.7% drop year-on-year in net profits to ¥1bn (US$8.1m) for the April to September period. The company, the second largest dairy foods manufacturer in Japan, explained that the first half figures had been buffeted by intensifying price competition and a lasting slowdown in personal consumption of dairy foods. For this reason the group expects to see net profit plummet by 84.4% for the full year to March 2002, down to ¥600m.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Interview: Sir Kensington's on sale to Unilever
- Danone's Q1: four things to learn
- Column: Why snacking is the new meal
- Interview: "Disruptive" snack brand Hippeas
- Nestle Q1 update: four things to learn
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre
- TreeHouse Foods sells soup, baby food units