Shampoo-maker suffers big loss in first half

PUBLISHED : Monday, 29 August, 2011, 12:00am
UPDATED : Monday, 29 August, 2011, 12:00am


Herbal shampoo-maker BaWang International reported a net loss of 295 million yuan (HK$359 million) in the six months to June, after a net profit of 147 million yuan in the same period last year. Revenue was 439.8 million yuan, down 52.7 per cent year on year. It said sales were hit by reports of a cancer-causing chemical in its products.