PENRICE better results ahead for 2006/07

摘要

Australia's Penrice Soda Holdings expects a better result in financial year 2006/07 after hitting a few obstacles during its first year as a listed company. The Adelaide-based soda ash and soda bicarbonate company posted a full-year net profit of AUD 9.05 million on 25 August 2006, 11.3 percent below the prospectus forecast but in line with the company's latest market guidance. Revenues for 2005/06 were up 4 percent to AUD 133.7 million. Penrice said it would still pay its forecast fully-franked final dividend of AUD 0.077 per share on 23 October 2006. Earning were hit by an incident which shut down its plant for eight days, as well as higher fuel prices, unfavourable exchange rate movements and delays in commissioning projects.