Goodman Fielder returns to full-year profit; baking, NZ dairy units improve

Wed, 14 Aug 2013

Aug. 14 (BusinessDesk) – Goodman Fielder, the biggest food company in Australia and New Zealand, has returned to annual profit after two years of restructuring aimed at streamlining its range of brands, exiting unprofitable businesses and paying down debt. Net profit was A$102 million in the year ended June 30, from a loss of $146.9 million a year earlier, the Sydney-based company said in a statement. Sales fell 11 percent to A$2.23 billion. Earnings from continuing and discontinued operations before items were A$200.2 million, down from A$23...

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