Japanese dairy products maker Snow Brand Milk Products has reported a group net profit for the first half to 30 September, compared to a year-earlier loss. The company posted a first-half net profit of ¥392m (US$3.6m), compared to a loss of ¥45.4bn in the year-ago period. Snow Brand had been aiming for ¥500m net profit, but did not reach the target because of an investment loss of ¥300m, reported Jiji Press.