Australian dairy products company National Foods has said it expects to achieve “very solid growth” for the full fiscal year.
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Managing director Peter Margin said fresh dairy revenues were more than 7% higher so far this year than in the corresponding period of the previous year, reported Dow Jones. The company’s current financial year ends on 30 June 2005.
Margin also said the company’s revenues had increased 13% since the launch of a new product range about five weeks ago.
“This robust growth has not only increased our leading share of the fresh dairy food market, but also stimulated an 8.5% increase in the total market,” Margin was quoted by Dow Jones as saying.
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