Goodman Fielder 2013 earnings will fall on higher marketing spend, lower poultry sales

Mon, 24 Jun 2013

By Tina Morrison June 25 (BusinessDesk) – Goodman Fielder, the biggest food company in Australia and New Zealand, expects full-year normalised earnings to fall after it sold less poultry and spent more on marketing. Earnings from continuing and discontinued operations before significant items will be A$195 million to A$200 million in the year ending June 30, the Sydney-based company said in a statement. That’s less than the A$233 million reported last year. Goodman is selling assets, cutting costs and streamlining its brands while repaying...

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