date:Feb 17, 2013
Australias largest bread maker, Goodman Fielder, has felt the pinch of Supermarket discounting during its half yearly results for 2012 2013.
The results released today report a normalised net profit after tax of $41.2 million down 4 per cent from the previous period. Revenue was also down 9 per cent to $1.2 billion, largely due to supermarket price discounting in the Australian bakery sector.
Goodman Fielder CEO Chris Delaney said that he remained confident about Australian trading condition