Australia’s largest listed dairy company National Foods has said that it is on target to increase full-year earnings by more than 15%.
National Foods managing director Max Ould said that the earnings growth would be helped by recent price increases as well as stronger sales volumes as a result of the company’s contract to supply milk to the country’s largest grocer Woolworths.
However, Ould said he remained frustrated at failed attempts to merge with rival co-op Dairy Farmers and warned that he may reassess his position next year if industry consolidation does not progress, reported Reuters.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData