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KH Foods

Australian baker KH Foods, which is in the process of selling off its remaining businesses, has posted a half-year loss of A$9m (US$8.3m).

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Australian firm KH Foods has seen two directors leave the company.

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Australian baker KH Foods has agreed to sell its Balfours and Betabake businesses to San Remo for a combined AUS$7.4m (US$6.7m).

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Troubled Australian baker KH Foods has said its losses will narrow this year after selling off “unprofitable” businesses and focusing on two key operations.

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Troubled Australian baked goods group KH Foods has posted a net loss of A$30.5m (US$26.3m) for the year to July, on sales of A$61.5m.

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Australian bakery group KH Foods has completed the sale of its grocery cake operations to George Weston Foods Limited (GWF), part of the UK-based Associated British Foods (ABF) group.

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Australian bakery group KH Foods has agreed to sell its grocery cake business to rival George Weston Foods, a subsidiary of UK-based Associated British Foods.