AUSTRALIA: Natfoods moves into higher-margin products as milk slumps
National Foods in Australia is moving into higher-margin dairy products as it struggles with the low price of milk sold to supermarkets. The company revealed a net profit of A$25.1m (US$13.12m) for the first half of 2001-2, up 12.5% but below expectations. This prompted a drop in its share price of 6% from A$3.20 to A$3 in one day. The price has since rebounded to A$3.26.
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