News: UMG United Malt Group Says H1 Net Profit After Tax Fell 30%

May 19 (Reuters) - United Malt Group Ltd (UMG) :

• H1 NET PROFIT AFTER TAX FELL 30 PERCENT TO A$ 13.2 MILLION
• H1 REVENUE A$ 589.6 MILLION
• RESOLVED TO PAY AN INTERIM DIVIDEND OF 2.0 CENTS PER SHARE
• PREPARED FOR VARYING IMPACT OF PANDEMIC ON CUSTOMER DEMAND, SUPPLY CHAINS AND OPERATIONS IN SHORT TERM
• COMMENCED BUSINESS TRANSFORMATION PROGRAM TO CREATE A SIMPLIFIED, "MORE EFFICIENT & EFFECTIVE ORGANISATION"
• $27 MILLION REPLACEMENT OF PERTH KILN IS UNDERWAY
• UPGRADING MALTING CAPACITY IN UK WITH £51 MILLION INVESTMENT IN BAIRDS' SCOTTISH MALTING FACILITIES

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