Wimm Bill Dann 1H 2008 Net Income up 19.4%

Russian dairy, baby food, and beverages producer, Wimm Bill Dann, has reported a Net Income of $78.6 million for 1H 2008 under U.S. GAAP.

EBITDA for the half was up 24.9% on the same period 2007 to $183.8 million, on Sales of $1.49 Billion, up 30%.

The company noted the performance of its baby foods division which experienced 65% growth, year on year, strengthening its position as market leader.  Dairy products sales were up 28.8% and beverages up 22.1%. Wimm Bill Dann says that despite the dramatic increase in worldwide food prices, and uncertain macroeconomic environment, its position is continuing to improve.