Open Country posts record annual profit on surge in sales, sees 'strong' 2015

Wed, 04 Mar 2015

March 5 (BusinessDesk) - Open Country Dairy, the dairy manufacturer controlled by Talley's Group, reported a record profit for 2014 as revenue growth outpaced rising cost of sales, and said it expects a "strong" result in 2015 Profit was $29.8 million in the 12 months ended Sept. 30, 2014, from $18.2 million in a 14-month period a year earlier, according to the Auckland-based company's annual report. Open Country changed its balance date to Sept. 30 from July 31 in 2013. Sales jumped to $908 million from $635 million, while cost of sales...

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