Wimm-Bill-Dann Brighter Q2 Showing Cooled By H2 Outlook

Leading Russian dairy and fruit juice company Wimm-Bill-Dann (WBD), delivered a 42.6% year-on-year (y-o-y) increase in net income to US$52.3mn (RUB1.65bn) in Q209 (the three months through to June 30). Coming out off a thorny first quarter that was largely the result of the rouble's sharp depreciation against the world's major currencies (domestic demand weakness also played a part), WBD succeeded in steadying the ship in Q2, boosted by a rallying rouble.

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