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Metcash says Food and Grocery Code not appropriate for its business model

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The CEO of Australian wholesale distributor Metcash has said the deal struck by supermarkets Coles and Woolworths with the Australian Food and Grocery Council (AFGC) is not appropriate for the Metcash...

Woolworths announces $2.26 billion profit for 2013 at its AGM

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Australian supermarket group Woolworths Limited (Woolworths) announced Net Profit After Tax of $2.26 billion — up 24.4 per cent on the previous year, or an increase of 8 per cent from continuing...

Danone reduces 2013 targets after Fonterra whey protein losses

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France-based global dairy company Danone has announced a loss of €350 million in its Baby Nutrition business, and has adjusted its 2013 sales growth targets down to between 4.5 per cent and 5 per cent...

Freedom Foods sees continued growth

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Australian food manufacturer Freedom Foods has announced an Operating EBDITA of $11.6 million for the 2013 financial year, an increase of 113 per cent on the previous year. Freedom Foods said the results...

CCA drinks soften in supermarkets but beer expanding

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Australian beverage manufacturing giant Coca-Cola Amatil (CCA) has seen its net profit after tax decline for the 2013 financial year (FY13) by 8.5 per cent to $215.9 million, which it says is the result...

Goodman Fielder returns to growth

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Australian food manufacturing giant Goodman Fielder has released its full year results, showing a return to growth, with normalised net profit from continuing operations increasing by 5 per cent on the...

Patties Foods results lower than expected, despite growth in savoury

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Well-known Australian frozen food manufacturer Patties Foods Limited (PFL) has announced a Net Profit AfterTax (NPAT) for the year ended 30 June 2013 of $4.8 million, a 75.4 per cent decline from the previous...

Wesfarmers 2013 results boosted by Coles’ strong performance

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Wesfarmers has announced earnings before interest and tax (EBIT) of $3,658 for 2013, up 3.1 per cent on the previous year. The Company said the results reflected strong earnings growth from supermarket...

Lion half yearly results show dairy and beer challenges

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Food and beverage manufacturer Lion has announced its trading update for the half year ended 31 March 2013 in conjunction with parent company Kirin Holdings’ first half announcement. Lion said it saw...

Woolworths rebranded liquor, fresh foods and new stores boost sales growth

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Australian supermarket group Woolworths Limited has announced its full year sales from continuing operations of $58.5 billion, an increase of 6.8 per cent on the previous year, or 4.8 per cent after adjusting...