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Parmalat Dairy Lowers Full Year Expectations

Zoom in font  Zoom out font Published: 2013-12-11  Views: 23
Core Tip: The multinational Italian dairy and food corporation, Parmalat, said on Friday that it had cut its expected earnings guidance for the full financial year.
The multParmalat Dairyinational Italian dairy and food corporation, Parmalat, said on Friday that it had cut its expected earnings guidance for the full financial year.

In a press release issued, Parmalat directors cited a "sudden weakening of demand" for the revised 2013 EBITDA forecast, which was further compounded by higher milk prices.

 
 
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