Article2 Mar 2010 22:44
“Plant Health Care’s performance continues to draw plaudits, its crop yield-enhancing products being just what is needed in the time of a rapidly expanding global population. (The United Nations forecasts that food production needs to double by 2050.) Since land is running out, it is a question of how to grow more, and, what is more, Plant Health Care’s products are green.
Broker Evolution is now forecasting sales at US$29 million next, against US$23.2 million, and then they are expected to reach US$35 million. Those sales, Evolution believes, should generate profits of US$400,000 this year (against 2009’s loss of US$1.3 million), and in next year the figure is US$6.4million. That would bring earnings of 0.6 US cents, followed by 11.6 US cents. The company still has net cash of US$15.9 million.”
Source:
http://www.agriprods.com/agriprods_roundup_february_2010.html
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http://www.agriprods.com/nc/agrinews/newsitem/article/indian-moves-to-curb-food-prices-and-imports/1158.html
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ATB