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[sharechat] AFF result

From:	"Peter Maiden" <pmaiden@xtra.co.nz>
Date:	Sun, 20 May 2001 16:54:21 +1200

People very quite about AFF result. Pretty terrible really

I thought that Affco had already gone through major restructuring etc. Lewis quotes after the 2000 result, and displayed very prominantly on the web site, "The sound result is a sure sign that AFFCO has turned the corner and is now heading for sustainable profits and continued growth."

Making very little money on sales of $559M is bad enough.

But what I can't fathom is the increase in total tangible assets - improved by $124 million to $380 million.

Anybody know what is behind this increase?

And what do people think about the Chinese investment?

Cheers

Peter

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