Australia’s largest dried fruit manufacturer has posted profits of A7m (US$5.35m) before tax, up from the loss of A$700,000 reported by Sunbeam Foods last year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Through the sale of assets, reduced stock and improved cash management, the company has reduced debt by A$30m.
However, chief executive Richard Findlay said Sunbeam’s performance was still unsatisfactory.
“This is a business that turns over A$225m and it really represents about a 3% return to sales, which is quite unsatisfactory for a business that carries a lot of commodity exchange and agricultural risk,” he said.
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
