Revenue ($m) 317.35m, up 10pc from 287.84 in the year-earlier period
EBITDA ($m) 5.42 v -36.45
Net loss ($m) -23.86 v -63.45
No interim dividend
Troubled manufacturer Freedom Foods Group is sticking to its mid-March deadline to update the market about its long-awaited recapitalisation plan after warning it will face falling volumes and sales in its key dairy business in the second half of financial 2021.
The company that makes UHT milk and plant-based drinks such as its MilkLab brand said sales in the six months ended December 31 rose 10.2 per cent, while its interim net loss narrowed considerably to $23.9 million.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
