date:Jun 27, 2012
ment and also recognising that the fundamentals of the industry in Australia have changed significantly,he said.
Struggling sales
The firm reported revenues of A$1.3bn, down 3.7% for its half-year results ending 31 December 2011 that it said was a culmination of a challenging retail environment, weather disruptions, commodity spikes and increased overheads. Its bakery business was down 8.2% with A$490.1m in revenues.
Pankaj Talwar, managing director for the bakery category at Goodman Fielder,