Dairy Farmers, the Australian group, has admitted “domestic and international interest” in the business but said it would be months before a decision was made on the company’s future.
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The company, rumoured to be a takeover target for a number of the world’s largest dairy processors, reiterated its “commitment” to boost the value of the business.
“There are a variety of potential options available including a merger or trade sale,” said chief executive Rob Gordon.
“The board will undertake a formal evaluation process in coming months and will then recommend to shareholders an option that stands to deliver the greatest value.”
Dairy Farmers said today (6 February) that it could generate a 25% rise in annual pre-tax profits despite rising farm-gate milk costs.
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By GlobalDataDuring the six months to 31 December, the co-operative posted pre-tax profits of A$39m (US$35m), up from A$38.5m a year earlier.
Dairy Farmers saw revenue rise 16% to A$654.2m thanks, it said, to rising demand for its products.
“Dairy Farmers continued to outgrow the market in the key retail categories in which it operates – milk, impulse beverages, cheese and everyday yogurt,” Gordon added.
