AUSTRALIA: Green Foods posts significantly better H2
Australian food producer Green Foods posted its H2 results today, revealing a significant improvement on the 91% decrease in net profit of H1 but news of a long way to go. The company that manufactures Dick Smith peanut butter and Vetta pasta has received a huge sales boost from the arrival of German discount giant Aldi onto the retail scene, a supermarket chain that relies upon own brand products. Green Food's sales therefore recovered in January and February and rose 13% to A$83.3m for the whole of H2.
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