Falling dairy sales have hit Russian baby food producer Nutritek Group who reported a 16% drop in sales volumes for the third quarter ended 31 December 2007.
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Combined sales in the company’s baby food and dairy segments decreased from 46,000 tons to 38,600 from the same period last year.
Baby food sales volumes increased by 15.3 % year-on-year from 10,900 tons to 12,500 tons.
In the dairy segment, sales volumes decreased by 25.7 % year-on-year from 35,100 tons to 26,100 tons due to the disposal of its dairy business to Russagroprom in November 2007.
The group generated revenue of US$378.9m for the full 2006 financial year, ended 31 March 2007.
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