Namoi Cotton Ltd (AU:NAM) has released an update.
Namoi Cotton Limited reports a stable third quarter in FY25 with no significant changes in business activities, despite a net cash outflow of $10 million from operating activities. The company ginned around 300,000 bales by the end of May, an increase from the previous season, although recent rains have affected cotton delivery and quality. Forecasts suggest a decrease in total cotton production for the season, with Namoi expecting to gin between 0.9 to 1.1 million bales.
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