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Article: Hills ready to weather market storms.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 5, 2008
CopyrightCOPYRIGHT 2008 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ian McIlwraith
Oct 05, 2008 (The Age - ABIX via COMTEX) -- Australian-listed Hills Industries has outperformed the broader sharemarket so far in 2008-09. The stock has gained 35 per cent since 30 June 2008, while the benchmark S&P/ASX 200 has fallen by 11 per cent. Although Hills is regarded as a defensive stock, recently-appointed CEO Graham Twartz acknowledges that the industrial group faces some challenges in the current economic environment. Nevertheless, he is confident that the diverse nature of Hills' operations will ...