Lower net income ABB Grain forecasted

11-02-2008 | |

The net income of ABB Grain in Australia may be 34% lower than previously estimated because of lower sales and margins, Austock analysts Paul Jensz and Chris Wiltshire said in a report dated Feb. 8.

ABB Grain fell 55 cents, or 6.4%, to AUS$8.00 on the
Australian Stock Exchange at the 4:10 p.m. Sydney time close, its biggest
decline since October 10, 2002.

The company has not commented yet.

Related news:
Bad harvests force ABB Grain to close sites  
ABB Grain teams up with Soufflet Group 

Related website:
ABB Grain 

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