Beston Global Food Company Ltd (AU:BFC) has released an update.
Beston Global Food Company Ltd reported a robust FY24 with record milk flows and mozzarella sales, alongside strategic partnerships in Asia and successful product launches. The company faced industry challenges, including soaring input costs and increased import competition, which impacted margins and earnings. Corporate discussions for the sale of Dairy & Dairy Nutrition assets are ongoing, with extended debt facility expiry and trading suspension continuing until resolutions are reached.
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