Reading from report by Barkworth, they have been in the red from...

Reading from report by Barkworth, they have been in the red from 1999, cant make it work due to (so they say) dumping by EU. Doesnt look good for TIM either, read all the gory details on

http://www.customs.gov.au/resources/notices/IR0377.pdf

Page 9
Inglewood has not sold olive oil at a profit since the first commercial sales in 1999. It was stated in the application that a period of selling at a loss was expected during the start-up phase of the industry after which the company would sell at a profit. It further stated that price undercutting by allegedly dumped and subsidised olive oil forced it to keep prices down, in order to achieve market share. This inability to raise prices meant that its olive oil was sold at a loss.



Inglewood provided information or comments on other injury factors, summarised at appendix 7 to the application.

Other factors concerning InglewoodÕs economic performance are, in summary:

its assets have declined slightly over the injury period;

capital investment has declined significantly over the injury period;

overall sales revenue for olive oil has increased;

return on investment is negative;

capacity has increased;

its performance has led to an adverse effect on the ability to raise capital;

capacity utilisation increased up to 2001/02 but declined in 2002/03;

employment in the production of like goods has increased; and

production increased up to 2001/02 but declined in 2002/03.