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.
