Monthly Archives: August 2017

Efforts on cost improvement: On 11 August 2017, the Board of Australian Agricultural Company Limited

Efforts on cost improvement: On 11 August 2017, the Board of Australian Agricultural Company Limited (ASX: AAC) announced about the resignation of Managing Director and Chief Executive Officer, Jason Strong. The Board has engaged Egon Zehnder to lead an executive search for a new Managing Director, with a plan to fill the appointment before the end of calendar year 2017 and

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3 Food stocks – Graincorp, Australian Agricultural Company and Costa Group Holdings

On track for strong FY17: Graincorp Ltd.’s (ASX: GNC) stock moved up 5.6% on August 30, 2017 driven by market sentiments. The group had earlier reported an EBITDA of $236 million in the first half of 2017 as compared to $134 million in the prior corresponding period (pcp), and consequently the underlying NPAT rose to $100 million from $32 million

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For FY17, Sandfire Resources NL Boost from commodity price

Boost from commodity price: For FY17, Sandfire Resources NL (ASX: SFR) reported a 62% increase in net profit after tax at $77.5 million (FY16: $48.0 million). As a result, SFR stock moved up 3.5% on August 30, 2017. Strong sales and positive copper price adjustment gains resulted in sales revenue of $532.5 million (FY16: $485.8 million), and payable metal sales

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Syrah Resources Ltd Mining agreement approved by government of Mozambique

Mining agreement approved by government of Mozambique: Syrah Resources Ltd (ASX: SYR), up over 9% on August 30, 2017, announced that its wholly owned subsidiary, Twigg Exploration and Mining, Limitada (Twigg), holder of the Balama Project, has finalised the negotiation of a Mining Agreement with the Ministry of Mineral Resources and Energy of the Republic of Mozambique. Accordingly, it was

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