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BRIEF-Wellard expects earnings for year to be lowered by several factors

Published 10/06/2016, 10:03 am
Updated 10/06/2016, 10:30 am
© Reuters.  BRIEF-Wellard expects earnings for year to be lowered by several factors
WLD
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June 10 (Reuters) - Wellard Ltd WLD.AX :

* Wellard is on target to ship approximately 450,000 cattle in FY 2016

* Company's earnings for the year ending 30 June 2016 will be lowered by several factors

* Company now expects to record a pro forma FY 2016 net profit after tax of about $23.5-$30 million based on current exchange rates

* Expects the shipping and trading margin pressure in Australia will continue in the short to medium term"

* Source text for Eikon ID:nASX93VxpF

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