Why it matters: Noumi reported a statutory net loss of $46.9 million.
Noumi is becoming a more productive and resilient business, its CEO said.
Noumi, the manufacturer of MilkLab and other plant-based dairy products which formerly traded as Freedom Foods, posted a narrower annual net loss of $46.9 million as it advances a turnaround for the business having nearly went under two years ago.
Revenue from continuing operations rose 5.6 per cent to $551.6 million, underpinned by a strong performance of the dairy and nutritionals business, and the plant-based milks unit, particularly flagship brand MilkLab.
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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
