AUSTRALIA: Natfoods profits plummet on turmoil in Oz milk market
By just-food.com editorial team | 4 September 2001
The turbulent Australasian milk market has taken its toll on National Foods , which reported a 6% drop in profits on Friday. The fall in net profit to A$45.1m (US$23.6m) was blamed by managing director Max Ould on the deregulation of the Australian milk market in July 2000, which, he said, had led to substantial price decline in the supermarkets.
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The turbulent Australasian milk market has taken its toll on National Foods , which reported a 6% drop in profits on Friday. The fall in net profit to A$45.1m (US$23.6m) was blamed by managing director Max Ould on the deregulation of the Australian milk market in July 2000, which, he said, had led to substantial price decline in the supermarkets.
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