Bright Dairy Profit Tops Estimates on Growing China Market

Bright Dairy & Food Co., China’s third-largest dairy products maker, reported 2015 profit that beat analysts’ estimates as the Chinese consumer’s appetite for milk products grew even as the economy slowed.

While net income fell 27 percent to 418 million yuan ($64.6 million) in the 12 months ended December, that beat an average estimate of 384.6 million yuan from nine analysts compiled by Bloomberg.