My Food Bag hits targets

My Food Bag hits targets
Tony Carter and Kevin Bowler said the result speaks for itself. (Photo: Supplied)
Dan Brunskill
My Food Bag has reported earnings for the year ended March almost exactly in line with the forecasts made in its initial public offering (IPO).The meal-kit company posted a net profit of $20 million – up dramatically from last year, which was weighed down by IPO costs – and pulled in revenue of $194m.Revenue was higher than forecast due to inflation pushing up the headline number, but earnings before interest, tax, depreciation, and amortisation were as expected at $34.2m.“We believe that our results speak for themselves,&rdqu...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024