Sunday, 22 May 2011
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Sugar group profits hit by big wet
AUSTRALIA'S third-largest sugar company has been dealt another blow after a horrific summer of natural disasters, with Maryborough Sugar Factory's cane crush downgraded after a wet February and March. The worse than expected cane crop, combined with a dip in the sugar price, saw MSF yesterday downgrade its 2011 full-year earnings guidance from normalised EBITDA of between $27 million and $33m to
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