Starting to look like that.
They have expanded the company with new ships creating a larger fleet size.
They are also creating a JV in China to process meat.
But the margin compression is adding pressure and the strong AUD is not helping. IMO
I got red ink also but will ride out the storm .
They are still making a Net profit after tax . albeit getting smaller by the day.
About time for some good news ........we have had plenty of the bad.
Ann: Wellard Update-WLD.AX, page-23
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