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Farm Pride Foods Limited ( (AU:FRM) ) has provided an announcement.
Farm Pride Foods Limited has secured $27.568 million in new financing facilities from National Australia Bank, which will be used to repay existing debt and fund capital projects at its processing facilities and farms. The company reported a 27% increase in farm production this quarter, contributing to net operating cash inflows of $3.611 million. Despite facing cost pressures, Farm Pride is focusing on capital expenditure and operational improvements to enhance efficiency and reduce costs, with plans to increase hen rearing and laying capacity.
More about Farm Pride Foods Limited
Farm Pride Foods Limited is a leading ASX-listed company specializing in the farming, processing, and marketing of eggs and egg-related products. The company is committed to meeting the market’s evolving demand for cage-free eggs and maintains strong relationships with supermarkets and industrial food manufacturers. Farm Pride is also noted for its environmental, social, and corporate governance responsibility, being the only egg company in Australia to manufacture its own egg cartons using recycled materials.
Average Trading Volume: 51,645
Technical Sentiment Signal: Buy
Current Market Cap: A$69.24M
See more data about FRM stock on TipRanks’ Stock Analysis page.