Natural Dairy (NZ) Holdings saw its full-year losses widen as the company was hit by an increase in expenses.

In the 12 months to the end of May, the New Zealand firm booked a net loss of HK$331.3m (US$42.7m), compared to a net loss of HK$154.3m in the prior year.

The firm blamed the widening of the loss on an increase of HK$143.9m in general and administrative expenses and lower sales of dairy products during the year.

Sales in the period amounted to HK$30.8m, a 47% decrease on the last fiscal year. The drop was a result of “unsatisfactory market response” during its first year of trading of milk and milk powder.

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.

Company Profile – free sample

Thank you!

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 form

By GlobalData