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Ag News

Lower costs and increased shipping demand lifts Wellard

  • By: "Prime" Ag News
  • Feb 08, 2018

Snapshot of the Wellards latest financial annoucement

* Operating EBITDA1 positive at $8.9 million, a $14.2 million turnaround
* Net loss after tax of $7.5 million, a $10.4 million improvement on 1HFY17
* ‘Costs Out' program achieves $7.9 million reduction in total operational expenses and is ongoing
* Increased demand for charter vessels out of South America, but competition increasing
* Focus on converting lower administrative costs and revitalised marketing effort into a compelling customer proposition