Rochester, NY 8/10/2009 10:03:30 PM
American Dairy Inc., ADY - American Dairy Expects Profits to be below estimates.
American Dairy Inc.
American Dairy Inc. reports that the company is expecting its second quarter revenue of approximately $41.0 million and 2009 revenue of $330.0 million to $360.0 million. The current market estimates is revenue of almost $84.0 million for the quarter ending June 30, 2009.
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American Dairy, Inc. is a producer and distributor of milk powder, soybean milk powder, and related dairy products in the People’s Republic of China. Using processing techniques, the Company makes products that are formulated for particular ages, dietary needs and health concerns. It has over 200 company owned milk collection stations, six production facilities with an aggregate milk powder production capacity of approximately 1,220 tons per day and an extensive distribution network that reaches over 50,000 retail outlets throughout China.
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