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<a href="http://www.accessmylibrary.com/coms2/summary_0286-10507474_ITM" title="Facts and information about JAPAN'S CALPIS POSTS LOWER-THAN-EXPECTED INTERIM GROUP OP PROFIT.">JAPAN'S CALPIS POSTS LOWER-THAN-EXPECTED INTERIM GROUP OP PROFIT.</a>
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JAPAN'S CALPIS POSTS LOWER-THAN-EXPECTED INTERIM GROUP OP PROFIT.
TOKYO, Aug 1 Asia Pulse - Calpis Co. (TSE:2591) announced Tuesday that group operating profit for the half-year through June totaled 1.1 billion yen (US$8.79 million), falling below an earlier 1.2 billion-yen projection. This was the company's first interim group book-closing.
Intensifying competition in the soft drink market and a shift to the processed food business negatively affected profit, company officials said.
Group sales totaled 54.4 billion yen, 400 million yen larger than forecast.
Growth in special health drinks boosted revenue at the beverage division by 3 per cent. Sales at the liquor and ...
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