date:Jul 28, 2014
in of the unit shrank by 2.7 percentage points.
Forecast Maintained
Danone, which competes with Nestle SA in baby food, is seeking to rebuild its infant-nutrition unit in China after a product recall and bribery claims at its Dumex baby-milk business contributed to the first annual earnings decline in more than a decade last year.
Revenue growth and profitability will be stronger in the second half than the first, the company said today. Danone repeated its forecast for full-year like-for-lik