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Goodman Fielder profits flat as lower milk costs offset weak bread prices

2015-02-11 00:51:44| Agriculture - Topix.net

While earnings fell 54 per cent in baking and 13 per cent in grocery products, EBIT from the New Zealand dairy operations soared 74 per cent and Asia Pacific profits rose 12 per cent. Photo: Peter Morris Goodman Fielder has reiterated its support for a $1.3 billion offer from Wilmar International and First Pacific after delivering a flat first-half profit result, with underlying net profit slipping 1 per cent to $29.7 million as cheaper milk and wheat costs countered falling prices in bread and spreads.

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