We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gold Frost | LSE:GLF | London | Ordinary Share | IL0010952989 | ORD ILS0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.10 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
11 October 2007 Gold Frost Limited ("Gold Frost" or "the Company") Announces Continued Cost Pressure for Dairy Products will Impact 2007 It has been well documented that the global dairy industry has this year been affected by increases in the prices of primary supplies and product shortages stemming from a series of factors including weather related problems and reduced milk production. The effect of these factors has impacted at the same time that worldwide consumption and demand has increased due to increased demand in growing, emerging markets. Gold Frost (ticker: GLF), the designer, developer and distributor of kosher chilled, frozen and dairy food products noted this effect in its trading statement dated August 28, 2007. Despite this backdrop, the Company reported a strong first half performance with turnover up by 37.7% over the comparable prior year period and gross margins robust at 46.1%. The Company expects to publish Q3 2007 trading results in late November 2007. Whilst the beginning of the second half of the year was more challenging than the first half of the year, the board would expect modest growth in turnover in Q3 over the comparable period last year. However, Gold Frost is now being directly impacted by the global factors outlined above and the cessation of butter and cheese export subsidies in the EU, which have led its primary supplier, Arla Foods, to increase our purchase prices by between 50-80%, depending on product. These unprecedented cost challenges are expected to severely impact both our revenues and gross margins for the remainder of 2007 and in all probability, the first half of 2008, as customers adjust to increased prices. Industry research would suggest that global dairy prices should begin to stabilize in mid-2008, but in the interim the market conditions will remain uncertain. The Company will continue to update the market and review our launch of US dairy in 2008, when we believe the global manufacture of milk will begin to offset the current steep price increases. Enquiries: Gold Frost Ltd Zwi Williger, Chief Executive Officer +972 544 324924 Blue Oar Securities Plc +44 207 448 4400 Rhodri Cruwys END
1 Year Gold Frost Chart |
1 Month Gold Frost Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions