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Industrial Milk Company grows sales 2.3x yoy in 1Q12

Industrial Milk Company grows sales 2.3x yoy in 1Q12

16 May 2012

Industrial Milk Company (IMC PW) reported USD 18.3 mln in revenues in 1Q12, up 2.3x yoy, according to a filing yesterday. Corn sales were the key driver, with 34.5 kt sold during the period at USD 243/t, an extremely favorable price in our view.

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