Griffin’s posts biggest annual profit under PEP owners in 2012; no immediate plans to sell

Wed, 03 Jul 2013

By Paul McBeth July 3 (BusinessDesk) - Griffin’s Foods, the maker of Gingernuts, Mellow Puffs and Huntley & Palmers crackers and Eta brand snacks, last year posted its biggest annual profit under Australian private equity owners, who have no plans to cash up in the immediate future. Net profit more than doubled to $20.5 million in calendar 2012 from $8.2 million a year earlier, according to holding company NZ Snack Foods Holdings’ financial statements lodged with the Companies Office. That’s the biggest bottom line profit posted by the bisc...

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