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%.
Go deeper with GlobalData
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.
