Walnut investment pushes cotton player AFF to a $9.7m loss

By Matthew Cranston and Andrew Marshall
Updated November 7 2016 - 6:53pm, first published 5:30pm
Cotton earnings were strong but Australian Food and Fibre's financial performance has been weighed down by a slide in the value of its significant stake in the listed agricultural company Webster of $19 million.
Cotton earnings were strong but Australian Food and Fibre's financial performance has been weighed down by a slide in the value of its significant stake in the listed agricultural company Webster of $19 million.

North West NSW-based farming company Australian Food and Fibre (AFF) has reported a full-year net loss of $9.7 million, down from last year's $13.3m profit.

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