Dairy group has profit dip but addressing competition and high dollar
date:Aug 28, 2012
Total revenue was down by 1.3% or $6.3 million on the previous years $497.8 million.
The net operating profit after tax of $15.2 million represented a $3.3 million (17.8%) reduction on the 2011financial year but was stronger than previous forecasts from the company.
The company was able to mitigate the impact of declining international revenues through its customer specific applications and plant capability upgrades to maintain comparably strong export prices. said Chairman Frank Davis.
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