Correction to Danone Profit Story
July 27 2017 - 4:19AM
Dow Jones News
France's Danone SA (BN.FR) on Thursday reported a rise in profit
for the first half, as strong revenue growth in baby food and
medical nutrition offset weakness in its core dairy activities,
which include the U.S. WhiteWave business it bought last year.
Revenue for the first half rose 9.7% to EUR12.13 billion as the
company received a bump from consolidating the operations of
WhiteWave, the U.S. organic foods producer that it acquired for
$10.4 billion earlier this year. On a like-for-like basis, revenue
growth was only 0.4%.
("Danone Profit Up as Baby Foods, Medical Nutrition Post Strong
Growth," at 06:23 GMT, misstated the earnings period in the first
and third paragraphs.)
(END) Dow Jones Newswires
July 27, 2017 04:04 ET (08:04 GMT)
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