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Sunrice reports 24% increase in group profits at half year
date:Dec 26, 2012
ths.

The debt now stands at $178 million much lower than the $303 million declared in May 2011 when the co-operative faced a takeover bid from the Spanish group Ebro Foods.

The takeover bid was rejected by the rice growers of SunRice, and the board has focused considerable effort to reduce debt.

SunRice chairman Gerry Lawson said gearing was now at 53 per cent.

In line with our expectations and our continued focus on working capital management, gearing continues to improve and at the half y

12/24 16:48