Goodman Fielder's earnings to be at lower end of guidance

Sun, 22 Jul 2012

By Hannah Lynch July 23 (BusinessDesk) - Goodman Fielder, the food ingredients manufacturer whose brands include Edmonds baking products and Vogel’s bread, said 2012 earnings will be at the lower end of its guidance. The Sydney-based company said its full year normalised earnings before interest and tax to be at the lower end of the A$230 million to A$245 million guidance it gave in February, subject to trading conditions. It expects to book an impairment of about A$110 million against its Australian/NZ baking and home ingredients NZ busin...

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