Australian ginger and macadamia nut processor Buderim Ginger saw revenues climb 14% in 2008, as rising domestic sales offset weaker demand in the UK, a key export market for the business.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Buderim booked a 14.4% in revenue to A$73.8m (US$46.8m), despite a 4.6% drop in sales from the company’s ginger business.
An 8% rise in domestic retail sales, however, offset weakening demand in the UK due to the economic downturn and rising competition.
Net profit rose from A$671,000 to A$2m in 2008, Buderim said on Friday (27 February).
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
