Goodman Fielder swings to FY profit but misses estimates

Revenue slips, group says balance sheet remains strong.

Goodman Fielder (GFF) said its balance sheet remains strong as it reported a sharp swing to net profit for the 2013 financial year, but missed analyst estimates. 

In the 12 months to June 30, net profit for the group lifted to $102.5 million, up 169.8% from a loss of $146.9 million in the previous corresponding period, buoyed by improvements in the bakery and grocery divisions in the second half.  


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