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Namoi grows share of declining market
24 Jul 2008
Namoi cotton co-operative will delivered a profit to shareholders of $4.5 million this year, down from guidance of $4.8 million. Guidance for next year''s full year profit to February 2009 is between $4 and $5 million. Namoi expects to continue to grow its share of ginning and cotton marketing in a contracting industry. This year Namoi''s share of ginning rose to 32.3 per cent and marketing to 36.7 per cent. Next year Namoi expects to gin 35 per cent of all cotton in Australia and market 43 per cent.
Sydney Morning Herald, 24/07/2008
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