CANADA: Agricore United insists business plan is on track
Winnipeg, Manitoba-based Agricore United (AU), a leading Canadian agri-business, yesterday [Thursday] released the results of its Q1 as a combined company, as well as supplementary disclosure of the operations of the two "heritage" companies. There was a net loss during the Q1 of C$11.8m and a net loss of C$17.9m for the six months, ended 31 January 2002. Although earnings are seasonally low in the first six months of the year, this year earnings have been adversely affected by last summer's drought.
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