1. Most Discussed
  2. Gainers & Losers
WCB $9.01

News: Warnambool cheese H1 profit down, weaker AUD helps

  1. Warrnambool Cheese & Butter Factory (ASX:WCB) has reported a dip in first half net profit which is blamed partly on a change in its accounting treatment of raw milk.
    The dairy producer revealed a net profit of $25 million in the six months to the end of December as compared to $31.25 million in the previous first half.
    The company says it has applied a full year milk cost pricing methodology to the half year which has resulted in a lower profit figure, total revenue for the half came to $304.7 million.
    The company says the decline in international commodity prices has been offset by a welcome depreciation of the Australian dollar. 
    It has also shifted its reporting date which will see its full year ending on 31 March, the company will commence its new year at the end of March this year. 

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.