|
|
Article: AUSTRALIA'S BUDERIM GINGER MAINTAINS YR PRE-TAX PROFIT GUIDANCE.
- Article from:
- AsiaPulse News
- Article date:
- October 31, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. 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)
|
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 2008, despite the impact on its business of reduction in consumer spending.
Chairman John Ruscoe told shareholders today the board remained confident about Buderim's previous guidance for a a 200 per cent increase in pre-tax profit for the year.
A weaker Australian dollar would provide long-term benefits for Buderim's export businesses, he added.
"It is also impacting on the value of our recent US investment and will eventually act as a spur to increased ...