Great news on 2014.
But 2014 cotton crop was 4.4 million bales. Due to drought the company expects the size of the 2015 crop to only be 2.0 million bales.
Wow, 2015 will be less than half the size of 2014. Huh? How will this effect profits given fixed costs?
Am I missing something from this news?
Ann: Namoi Cotton Strong Half Year Results, page-2
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