AUSTRALIA: Foodland posts Q1 operating profit up 10%
Australian supermarket group Foodland has reported first-quarter operating profit up 10% from the same period last year and earnings before interest, tax and amortisation (EBITA) up 50%. Despite predicting a strong Christmas period the company refused to provide half-year forecasts, reported Reuters.
Australian supermarket group Foodland has reported first-quarter operating profit up 10% from the same period last year and earnings before interest, tax and amortisation (EBITA) up 50%.
Despite predicting a strong Christmas period the company refused to provide half-year forecasts, reported Reuters.
Foodland’s steady performance has been helped by recent acquisitions in Australia and New Zealand from Hong Kong-based Dairy Farm International Holdings.
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