Hong Kong beverage giant Vitasoy International reported a 6 per cent drop in revenue for the six months ended September, citing weaker demand and intensifying competition in mainland China.
The maker of tea drinks and soy milk posted interim revenue of HK$3.23 billion (US$415 million) and a net profit of HK$172 million, a 1 per cent year-on-year increase. The figures contrasted with the company’s performance for the full financial year ended March, when revenue rose 1 per cent and net profit...
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