Nongfu Spring Profit Growth Slows
This is a China news story, published by CNBC, that relates primarily to Nongfu Spring news.
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Nongfu productsCNBC
•China's Nongfu Spring sees shares fall over 12% after beverages maker posts decline in profit growth
85% Informative
China 's largest bottled water producer Nongfu Spring posts sharp slowdown in profit growth.
Company's net income grew 8% year on year to 6.24 billion yuan ( $876 million ) in the first half of the year .
Increased competition and an online backlash and "malicious defamation" affected sales, company says.
Company said it would "firmly take legal actions" against corporations who have "slandered" the brand.
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