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COPYRIGHT 2003 Asia Pulse Pty Ltd
SYDNEY, Nov 26 Asia Pulse - Wheat group AWB Ltd (ASX:AWB) has posted a net profit of $A43.89 million ($US31.44 million) for 2002/03, down from $107.192 million previously.
It however upgraded its forecast net profit for 2003/04 to -$120 million, pre goodwill amortisation and one off costs.
It said this upgraded forecast reflects an improved outlook for earnings and highlights the additional benefits achievable from the integration of Landmark.
AWB maintained its final dividend at a fully franked 11 cents.
AWB said amortisation of the goodwill on acquisition of Landmark is forecast to be $29.3 million.
"AWB reconfirms its forecast for domestic wheat production in the range of 22-24 million tonnes for the 2003 season," AWB said.
AWB said it has has implemented a...
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