AUSTRALIA: National Foods sees FY net profit up 13%
Food manufacturer National Foods has posted a 13% increase in net profit to A$51.1m (US$) for its full 2001-2002 year, and has forecast overall profit growth for the next 18 months to two years of at least 15%. The increase came despite, rather than because of, the impact of National Foods' recent A$92m acquisition of the King Island Company. In the five months to 30 June, the company contributed a loss of A$1m.
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
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Will Kellogg's DSD exit help it grow in US snacks?
- Nestle plans restructuring as 2016 profit misses
- Kraft Heinz pursuing Unilever in takeover move
- General Mills issues profit warning
- Kraft Heinz returns to organic growth, ups margins
- Kraft Heinz pulls Unilever bid