Lower net income ABB Grain forecasted
The net income of ABB Grain in Australia may be 34% lower than previously estimated because of lower sales and margins, Austock analysts Paul Jensz and Chris Wiltshire said in a report dated Feb. 8.
ABB Grain fell 55 cents, or 6.4%, to AUS$8.00 on the
Australian Stock Exchange at the 4:10 p.m. Sydney time close, its biggest
decline since October 10, 2002.
Australian Stock Exchange at the 4:10 p.m. Sydney time close, its biggest
decline since October 10, 2002.
The company has not commented yet.
Related news:
Bad harvests force ABB Grain to close sites
ABB Grain teams up with Soufflet Group
Related website:
ABB Grain
Join 26,000+ subscribers
Subscribe to our newsletter to stay updated about all the need-to-know content in the feed sector, three times a week.
