New Zealand meat processor Affco Holdings has said it expects to report full year profit for 2004 in excess of that reported in the previous year.

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The company said the increase in profit was due to an improved third quarter performance and strong overseas demand, reported Dow Jones News.


Affco posted net profit of NZ$16.2m (US$10.3m) for the fiscal year to September 2003, compared to a loss of $12.3m in the previous year.

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