Goodman Fielder posts H1 loss

Group hit by high milk and wheat costs, impairment charges.

Goodman Fielder has swung to a sharp first-half loss as higher wheat and milk costs continued to bite, while impairment charges, customer service costs and manufacturing upgrade expenses also hurt.

For the six months to December 31, the group posted a net loss attributable to members of $64.8 million, representing a 227% fall from its $51 million profit in the first half of the 2013 financial year.

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