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AUSTRALIA'S BUDERIM GINGER EYES LEADING US MACADAMIA PRODUCER.
BRISBANE, July 1 Asia Pulse - Australia is on the brink of reclaiming its native nut.
Queensland-based Buderim Ginger Ltd (ASX:BUG) is looking to become one of the world's largest producers of macadamia nuts after entering the first stages of acquiring a leading US nut producer.
According to the Australian National University (ANU), macadamias are native to the subtropical rainforests of Australia's east coast.
The ANU says "an enterprising group of horticulturists from America" picked up on the nut during a visit in the early 1900s, leading to Hawaii's volcanic slopes becoming the world's largest production region.
Buderin Ginger has signed a non-binding letter of intent to acquire all of the assets of MacFarms of Hawaii, and to lease a 3,903 acre macadamia orchard owned by Kapua Orchard Estates, an affiliate of MacFarms.
The proposed transaction is subject to completion of due diligence, the satisfactory negotiation of a definitive sale and purchase agreement, and finance approval.
...- AUSTRALIA'S BUDERIM GINGER EXPECTS TO BUILD ON 2002 EARNINGS.
- News wire article from: AsiaPulse News March 13, 2003 700+ words
...of confectionary ginger, Australia's Buderim Ginger Ltd (ASX:BUG), expects...improvement," he said. Buderim Ginger supplies over 60 per cent...there was no interim payout. Buderim Ginger managing director Gerard...
- AUSTRALIA'S BUDERIM GINGER IN MERGER TALKS WITH MACADAMIA CO.
- News wire article from: AsiaPulse News October 4, 2007 700+ words
...PERTH, Oct 4 Asia Pulse - Australia's Buderim Ginger Ltd (ASX:BUG) and macadamia...between the two businesses," Buderim Ginger chairman John Ruscoe said...distribution. Mr Ruscoe said Buderim Ginger was on track to achieve an...
- AUSTRALIA'S BUDERIM GINGER EXPECTS HIGHER PRE-TAX PROFITS.
- News wire article from: AsiaPulse News February 7, 2003 700+ words
...Asia Pulse - Confectionery producer Buderim Ginger Ltd (ASX:BUG) expects higher than...about $1 million. For calendar 2001, Buderim Ginger booked net earnings of $1.284 million...Despite the strong second half result, Buderim Ginger foreshadowed a $600,000 reduction...
- AUSTRALIA'S BUDERIM GINGER POSTS 56% RISE IN ANNUAL PROFIT.
- News wire article from: AsiaPulse News March 6, 2006 700+ words
...The world's largest producer of confectionary ginger, Buderim Ginger Ltd (ASX:BUG), has boosted its annual profit by 56...combined business is well positioned to fully benefit from Buderim Ginger's strong retail relationships and distribution channels...
- AUSTRALIA'S BUDERIM GINGER EXPECTS BETTER H2 THAN H1.
- News wire article from: AsiaPulse News April 30, 2009 700+ words
SYDNEY, April 30 Asia Pulse - Buderim Ginger Ltd (ASX:BUG) says demand for its ginger and macadamia nut products has been dented by the economic downturn in Australia and across the world. The Yadina, Queensland, based company on Thursday...
- AUSTRALIA'S BUDERIM GINGER MAINTAINS YR PRE-TAX PROFIT GUIDANCE.
- News wire article from: AsiaPulse News October 31, 2008 700+ words
SYDNEY, Oct 31 Asia Pulse - Food producer and retailer Buderim Ginger Ltd (ASX:BUG) has maintained its guidance for a pre-tax profit of more than A$3 million (US$2.02 million) for calender...
- AUSTRALIA'S BUDERIM GINGER EYES BUMPER PROFIT THIS YR.
- News wire article from: AsiaPulse News September 2, 2005 700+ words
SYDNEY, Sept 2 Asia Pulse - Ginger producer Buderim Ginger Ltd (ASX:BUG) is expecting to treble its pre-tax profit to between A$1 million (US$750,000) and $1.5 million this...
- AUSTRALIA'S BUDERIM GINGER MULLS DELISTING AFTER POOR RESULTS.
- News wire article from: AsiaPulse News April 30, 2004 700+ words
BRISBANE, April 30 Asia Pulse - Buderim Ginger Ltd (ASX:BUD) today said it might look at delisting and returning to the private sector if it is unable to produce the desired...
- AUSTRALIA'S BUDERIM GINGER REPORTS NET PROFIT DOWN 35 PCT.
- News wire article from: AsiaPulse News March 26, 2004 700+ words
BRISBANE, March 26 Asia Pulse - The world's largest producer of confectionery ginger, Buderim Ginger Ltd (ASX:BUG), said it expected solid improvement in net profit for 2004 and was eyeing an acquisition to broaden its base...
- AUSTRALIA'S BUDERIM GINGER SEES LOSS THIS YEAR.
- News wire article from: AsiaPulse News December 20, 2006 700+ words
MELBOURNE, Dec 20 Asia Pulse - Ginger products maker Buderim Ginger Ltd (ASX:BUG) expects to swing to a net loss this year, despite a forecast increase in revenue. The company said a statement...
Source: HighBeam Research, AUSTRALIA'S BUDERIM GINGER EYES LEADING US MACADAMIA PRODUCER.