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TasFoods Limited (ASX:TFL)

ALERT: Price-sensitive ASX Announcement for TFL
Current share price for TFL : $0.005 -0.001 (-16.67%)+
Announcement
Release
29 Aug 2025 6:18PM
Price at Release
$0.006
Full Release
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Summary
TasFoods Limited (ASX:TFL) reported its financial results for the half-year ending 30 June 2025, showing a statutory net loss after tax of $3.6 million, which is a 29% improvement from the previous year. Sales revenue from continued operations in poultry and cheese decreased by 21% to $19.9 million due to an oversupply of poultry and discounted wholesale prices. The company's gross margin decreased to 22%, influenced by market conditions and input cost adjustments. TasFoods has streamlined its corporate operations, reducing operating expenditure by 33%. The company plans to sell its Pyengana Dairy by October 2025 and has already sold the former Betta Milk property. Despite challenging market conditions, TasFoods is focusing on cost control and strategic asset management to enhance shareholder returns.
Key Points
  • Net loss after tax of $3.6 million, improved by 29%.
  • Sales revenue decreased by 21% to $19.9 million.
  • Gross margin reduced to 22%.
  • Operating expenditure decreased by 33% to $1.2 million.
  • Planned sale of Pyengana Dairy by October 2025.
  • Former Betta Milk property sale completed.
  • Focus on cost control and strategic asset management.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.