Australian food company Green’s Foods admitted yesterday that it might struggle to meet its full year profit forecasts of A$7.7m(US$4m). They may even fall below the A$3.2m recorded for the 1999/2000 period.
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The considerable drop in the group’s second half earnings has been attributed to cost over-runs incurred during a manufacturing reorganisation.
David Slatem, managing director of the firm, was anxious to stress that this is not an indication that Green Foods is “in difficulty.”
