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Earnings Analysis: 
AWB Sales Down 6%
Author: Trupti Mehta
123jump.com
Last Update: 5:14 AM ET May 19 2010


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AWB Limited first half revenues fell 6% to A$2.96 billion and net loss was A$64.8 million or 8.41 cents a share.

 
7:15 PM Sydney, Australia – AWB Limited revenue fell 6% and net loss was A$64.8 million

AWB Limited, the agribusiness group said first half revenues fell 6% to A$2.96 billion from A$3.16 billion a year ago. Net loss for the first half was A$64.8 million or 8.41 cents per diluted share compared to net profit of A$8.5 million or 2.42 cents per share a year ago.

AWB Limited, in the last one year traded as high as A$1.58 in September 2009 and as low as A$0.87 in March 2010. Based on the yesterday’s closing price of A$0.995 the company has market cap of A$418.99 million.
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