Bega Cheese produces strong FY result 10% increase in revenue for the first half of thereflecting improved volumes and efficiencies in cheese cutting and packaging and margin improvement in value-added dairy products.
Total output across business increased volumes at its cheese cutting and packaging plants 375m litres in the half.
Domestic sales had a 70% share, Asian markets a further 22% and the Middle East 5%.
Executive chairman, Barry Irvin, said renewed Johnson, alongside long-term deals with Coles and Kraft, positioned to take advantage of strong emerging ahead, Bega expects significant growth opportunities in dairy nutritionals, continued EBITDA growth in fiscal 2013 and improving global dairy commodity markets.
Source: Dairy Globe
