Tag: AWB

Shares in AWB took a pounding again yesterday after yet another profit downgrade.

Wheat management and marketing services company, AWB (AWB) released details of the proposed changes to its constitution on Wednesday that will benefit both wheat growers and shareholders.

AWB has posed a 53.3% fall in full year earnings, announcing a net profit of $27 million after tax, compared to $58.2 million last year.

As expected AWB, the country’s largest wheat exporter, was battered by the drought and the impact of its dealings with the former Iraq regime of Saddam Hussein.