date:Feb 13, 2014
Interest bearing debt has been reduced to $10.3 million, down from $16.3 million six months ago, and $12.7 million one year ago, and current cash and cash equivalents stand at $0.57 million.
The average cost of honey for the second half of 2013 rose to AUD$3.49/kg, compared to AUD$3.36/kg in the previous year. Unfavourable weather conditions are noted to have affected this price rise, and McKee noted that the company is preparing itself for heightened costs of raw materials.
Export sales have