Russian juice and dairy company Wimm-Bill-Dann Foods has reported a 4.6% increase in first-quarter sales volumes, helped by a strong increase in dairy product volume sales.
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Combined sales volumes in the dairy, juice and mineral water segments were 391,300 tons for the first quarter to 31 March, an increase of 4.6% year-on-year.
By market segment, dairy sales volumes in the first quarter of 2004 increased 12.2% year-on-year and stood at around 286,100 tons. In the juice segment sales volumes amounted to 103,800 tons, a 12.8% decrease over the same period in 2003.
Back in March, the company posted net income of US$21.2m for the year to 31 December 2003, compared to $35.7m in the previous year. Full-year sales in the dairy segment increased 17.6% from $563.0m in 2002 to $662.3m in 2003. Sales growth in the dairy segment was made up of sales volume growth of 6.3% and an increase in selling prices.
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