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GTN - Dairy undershoots expectations due to long winter - Earnings Flash

Company Research

02 May 2018

GTN announced Q1 2018 results with NPAT-MI plunging 45% vs Q1 2017, which trailed our expectation, primarily due to weak dairy sales and smaller non-operating profits. We are likely to revise down our core earnings forecasts and target price for GTN in our next update report.

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