Broker snap: Still hope for PureCircle
Westhouse Securities still expects a "sales lift-off" at sweetener maker PureCircle, but admits it will be a "tortuous path". A profit of $2.3m in 2009 turned to a loss of $7.5m in the six months ended 31 December and revenue slumped from $37.5m to $13.6m. The broker says the scale of the revenue
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