Clover facing tougher 2014

The nutritional technology company reported strong results for 2012-13, but issued a cautious outlook in the current financial year.

Nutritional technology company Clover Corporation (CLV) warned that it was facing some headwinds in the current financial year even as it reported strong revenue and profit growth for 2012-13.

The cautious outlook didn’t stop the stock from ticking up 1.5 cents, or 2.7%, to 58 cents in morning trade as net profit surged 39.1% to $1.7 million and sales increased 16.1% to $44.9 million in the last financial year ending July 31.

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