Patties Foods upgrades profit forecasts on back of improved sales
Patties Foods has today informed investors that accounts to the end of October and estimates for November and December have ensured a positive revision to profit forecasts for the first half of the financial year.
The maker of the Four ‘N Twenty pie said they anticipate net profit after tax to be in the range of $7.25m to $8.75m – considerably above the $4.7m figure reported last year.
Patties said the profit growth was due to a number of factors including stronger sales, improved manufacturing efficiencies, reduced interest costs and the appreciation of the Australian dollar.
“This guidance is subject to audit review of the first half FY10 Accounts and reasonable trading conditions for the balance of the period,” the company added in a statement.
Murray River Organics (MRO) has launched a Nut-Free Organic Muesli, delivering a huge technical ac...
Published in the March 2020 online edition of Foodlegal Bulletin, here are some of the o...
Woolworths supermarkets are being accused of breaking ANZAC Day trading restrictions after some empl...
Menulog has released its inaugural report ‘A Growing App-etite’, documenting the growth trends and f...
WHAT’S next in the dynamic war on plastic after McDonalds’ decision to phase out plastic straws?
A young Australian entrepreneur has won retailer support for his innovative new beverage. Some of Au...
All produce suppliers to major Australian supermarkets and retail outlets are being reminded to ensu...
Four’N Twenty Traveller Beef & Cheese Pastry has been named a top 10 must-try sandwich in a new...