Chinese dairy manufacturer Bright Dairy & Food Company has posted a 27.6% drop in net profits for fiscal 2006, which fell to CNY1.18bn (US$153m), the company said in a financial statement yesterday (27 March).

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Operating revenue was up 4.4% to CNY7.21bn. Revenue climbed 8.14% in Shanghai, but only 0.9% in other regions throughout China.