Chinese dairy producer Beijing Sanyuan Foods has booked a net loss for 2009.

The firm on Friday (23 April) recorded a net loss of CNY128.7m (US$18.86m) compared to a profit of CNY40.7m in 2008.

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Revenue amounted to CNY2.38bn compared to CNY1.41bn in the previous year.

The firm last year announced its intention to establish a subsidiary in Shanghai while also investing in expanding its milk capacity.

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