RIC 1.08% $2.80 ridley corporation limited

Well spotted, senoj. Note 10: On Monday 8 August 2016, Ridley...

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  1. 2,299 Posts.
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    Well spotted, senoj.

    Note 10:

    On Monday 8 August 2016, Ridley initiated proceedings to recover an outstanding debt from an individual customer of $17,579,000, of which $5,255,000 was overdue at balance date and $13,626,000 overdue as at the date of this report. A provision for doubtful debts of $1.0m has been raised and included in the determination of the 2016 consolidated Ridley result, and supply to the customer ceased in July 2016.

    _____

    Ash here. A lot of money (and a lot of stock feed) for a company with NPAT of $27.6m.
 
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