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AUSTRALIA'S BUDERIM GINGER EXPECTS ANNUAL PROFIT TO RISE.
SYDNEY, Aug 1 Asia Pulse - Buderim Ginger Ltd (ASX:BUG) has forecast its annual pre-tax profit to rise by as much as $A2 million ($US1.88 million), in line with its guidance.
The company's guidance for the 2008 calendar year was for a pre-tax profit rise of between $A1 million ($US940,600) and $A2 million ($US1.88 million).
Profit before tax for the six months ended June was likely to be $A500,000 ($US470,300), compared with a loss of $A60,000 ($US56,436) for the same period in 2007, Brisbane-based Buderim said in a statement.
"We believe this is a very creditable result given the tough trading environment for most of our businesses at present," chairman John Ruscoe said in the statement.
Mr Ruscoe said all divisions improved during the first half of the year despite difficult trading conditions exacerbated by the strength of the Australian dollar.
The company had released the half year expectations early to keep investors ...
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- 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...
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- 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...
Source: HighBeam Research, AUSTRALIA'S BUDERIM GINGER EXPECTS ANNUAL PROFIT TO RISE.