NOU 2.08% 11.8¢ noumi limited

Ann: Trading Halt, page-11

  1. 75 Posts.
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    The company reported 'exit from contract manufacture arrangements' in its last half yearly report, stating that this move will reduce revenues in short term. But I thought their revenue outlook of $500-530m included in the same report was reflecting that decision. My gut feeling as a customer is that domestic sales are not growing as fast as the company anticipated. Freedom's cereal and musli bars were a hit about two years ago but the competition has quickly caught up, as we can all see in the shopping malls.
 
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