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.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Immigration crackdown "risk" for US dairy industry
- Fonterra cuts earnings forecast
- Unilever invests in Dutch meat substitute project
- General Mills books lower 9M sales and profits