Country Foods sprouts 5% on debut

October 04, 2007 Edition 1

Country Foods shares gained 5 percent on their first day of trading, closing at R1.05 on the JSE's AltX board yesterday. This valued the fruit juice and mushroom producer at R132.8 million. The local firm, which harvests more than 48 tons of mushrooms a week, expects net profit to rise 62 percent to R18.1 million next year. - Bloomberg, London

 

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