Business Services Industry
Gale to weather the storm.(Gale Pacific Ltd. foresees its' earnings and shares)(Brief Article)
Australasian Business Intelligence, March, 2005
Mar 01, 2005 (The Australian Financial Review - ABIX via COMTEX)
Australian outdoor fabric maker Gale Pacific says it is on track to meet its earnings forecast for fiscal 2005. The company, which manufacturers sunshades and gazebos, believes that double-digit earnings growth is still possible, despite lower than expected sales figures. MD Gary Gale attributed the disappointing sales to Australia's cold and rainy summer. Gale Pacific shares dropped to $A2.05 on 25 February 2005. Todd Guyot of Foresight Capital expects that Gale shares will pick up eventually, and says that the current low point is a good opportunity to buy into the stock.
Publication Date: 2 March 2005
GALE PACIFIC LIMITED - ASX GAP:
WESFARMERS BUNNINGS LIMITED:...
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