GraceKennedy Revises Profit Forecast

Posted: December 21, 2005 at 12:00 am

GraceKennedy has issued a revised profit forecast for the calendar year 2005, stating that profits after tax attributable to shareholders are currently estimated to be in the range 0f -5% to +5% of the comparable 2004 figure.  At the beginning of the year profits were forecast to be in the range of 5% to 10% greater than 2004.

Based on the outlook for 2006, GraceKennedy is giving an initial profit forecast of 5 to 15% increase in 2006 profits attributable to shareholders over 2005.

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