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AWB upgraded profit

{ 3:06 PM, 25/4/2008 } { 0 comments } { Link }
AWB Limited (AWB) upgraded its profit forecast for the half-year to March 31 2008. Managing director Gordon Davis credited the upward revision to increased wheat growing activity following recent rains. He said the company's financial services and domestic commodities arms had performed well, but the international commodities division had seen earnings fall. The half-year result will be known on May 21. AWB shares closed 6.5 percent higher on Thursday at $3.20.

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