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UPDATED 31 MAY 2009
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Warrnambool troubles claim CEO
14 Apr 2009

Warrnambool Cheese and Butter has informed the stock exchange this morning that managing director and chief executive officer Neil Kearney has resigned. Warrnambool is currently in negotiations with National Foods regarding acquisition of 50 per cent of the Australian Cheese Company. Warrnambool has also downgraded its profit projection from a net profit of $6 million to a net loss of $10 million to $12 million.

The Weekly Times, 14/04/2009

Previous News Items:
20 Mar 2009 | Demand for good food growing strongly
13 Mar 2009 | Sugar and wool buck the downward trend
12 Mar 2009 | Dairy prices subdued for next five years
11 Mar 2009 | Dairy farmers to for carbon from July
11 Mar 2009 | Dairy prices forecast to keep falling


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