IEG Vu is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Golden Circle recovers

This article was originally published in Foodnews

AUSTRALIAN canned fruit and vegetable processor Golden Circle has returned to profitability following major company restructure. Net profit for the year ended 30 June reached A$20.1 million (US$16.6 million) compared with a loss of A$25.7 million a year earlier. This includes a A$21 million gain from the sale of the surplus property assets in Brisbane, which partly offset restructuring costs. Revenues for the 12-month period was A$380 million, up from A$376 million last year. The company slashed A$40 million in debt during this year after refinancing, recapitalisation and selling off surplus assets.

Advertisement

Topics

What to read next

Advertisement
UsernamePublicRestriction

Register

CO126154

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel