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GUD profits toasted

Weak consumer confidence and intense competition has contributed to a 66 per cent fall in profit for the company behind Sunbeam appliances.

Weak consumer confidence and intense competition has contributed to a 66 per cent fall in profit for the company behind Sunbeam appliances. GUD Holdings made a net profit of $31.5 million in the year to June 30, down from $92.8 million. Sales from the consumer products business, which includes Sunbeam toasters, kettles and mixers, were down 11 per cent.

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