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Article: Hellaby slow but optimistic
- Article from:
- The Press
- Article date:
- November 18, 2006
- Author:
CopyrightCopyright 2006 The Press. Provided by ProQuest LLC. (Hide copyright information)
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Hellaby Holdings' earnings have been below expectations in the
firm's first quarter, and down on the same time a year ago, chairman
Bill Falconer says.
He told shareholders at the diversified industrial and retail
company's annual meeting in Auckland yesterday that first- quarter
profits had been affected by "cyclically slow starts" from the retail
businesses, while the firm's agricultural tyre business was
experiencing the effects of the downturn in the agricultural sector.
"Nonetheless, after careful review we have not changed our
expectations as regards our trading performance for the full year. We
will review this again when we report our half-year results early
next year, and these ...