Danone First-Half Earnings Decline 20% on Milk Cost Surge
date:Jul 28, 2014
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The volume of dairy products sold in the second quarter fell 7.4 percent, worsening from the first-quarters 3.7 percent drop as the yogurt maker imposed additional price increases.

Infant-nutrition sales fell 9.2 percent, still hurt by last years recall of Fonterra Cooperative Group Ltd. (FSF) milk powder, which turned out to be a false alert, Danone said today. In January, Danone canceled its supply contract with Fonterra and said its seeking compensation. The trading operating marg
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