Australian wheat marketer AWB has reported a higher first-half net profit, driven by larger wheat volumes.


AWB posted a net profit of A$54.1m (US$38.4m) for the six months to 31 March, compared to $29.9m a year earlier.


Managing director Andrew Lindberg said the group is well positioned to achieve its full-year forecast of $110m-120m profit before goodwill amortisation and one-off costs, reported Dow Jones International News.


AWB said domestic wheat production was 25.2 million tons from the 2003/04 harvest, compared to 9.7 million tons in the previous year when the country was hit by severe drought. AWB forecast wheat production of 21-24 million metric tons for the current year, based on normal climatic conditions.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.