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Friday 05 June 2015 by Company updates

McPherson’s Ltd releases FY15 trading update (more to follow)

Late yesterday (4 June), McPherson’s released a trading update to the ASX. The company revised its FY15 forecast down. Underlying pre-tax profit was forecast to be around $22m for the full year to 30 June, however this figure has now been revised down to ~$16m.

Whilst disappointing, these absolute figures for the full year appear manageable. However we await a meeting with the company to discuss the details, and a full note will be will be made available soon once we have the full information.

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