Business Services Industry

Expansion drives Fleetwood to lower outlook.(Fleetwood Corporation Ltd.)(Brief Article)

Australasian Business Intelligence, May, 2005 by Hall, James

May 09, 2005 (The Australian Financial Review - ABIX via COMTEX)

Australian caravan manufacturer, Fleetwood, has lowered its earnings forecast for 2004-05 by 14 per cent to $A24 million. It is blaming the higher-than-expected costs of expanding its manufacturing facilities. It has also been adversely affected by the sale of its campervan hire operations, skill shortages and rising input costs. Fleetwood's shares ended $A0.26 up at $A6.23 on 9 May 2005 though. Fund managers said earnings weakness had already been accounted for in the share price.

Publication Date: 10 May 2005

FLEETWOOD CORPORATION LIMITED - ASX

FWD:

ASPEN GROUP - ASX APZ:

THORNEY INVESTMENTS PTY LTD:

GOLDMAN SACHS JBWERE PTY LTD:...

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement