Article: Rural Press shares defy the drought.

May 08, 2003 (The Sydney Morning Herald - ABIX via COMTEX)

Shares in Australia's Rural Press closed $A0.15 higher at $A5.70 on 8 May 2003. The shares rose to near all-time highs after the company's chairman, John B Fairfax, said the regional newspaper publisher is confident of delivering full-year profit growth, despite uncertain trading conditions in the second half of 2002-03 due to the drought in rural Australia. Rural Press posted a net profit of $A53.7m in 2001-02, which was up from $A24.9m in 2000-01. Net profit for the ...

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