RIC ridley corporation limited
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News: RIC Ridley Corp Updates On Aquafeed Inventory Legacy Issue

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    28/06/18
    10:30
    Post #: 34002381

    June 28 (Reuters) - Ridley Corporation Ltd (RIC) :

    • REFERS TO AQUAFEED INVENTORY LEGACY ISSUE, FULL VALUE OF FINISHED GOODS INVENTORY OF ABOUT $8.4M TO BE WRITTEN DOWN TO ZERO AT 30 JUNE
    • WRITING DOWN OF FINISHED GOODS INVENTORY WILL BRING ADDITIONAL $5.4 MILLION OF COST OVER ESTIMATED FULL YEAR PRE-TAX IMPACT OF $5.6 MILLION
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