TasFoods Limited (AU:TFL) has released an update.
TasFoods Limited reported a slight 1.6% dip in quarterly revenue amid challenging economic conditions, with poultry revenue down by 3% due to increased competition from imported products. The company highlighted a 2% increase in Pyengana Dairy cheese sales and continued growth in its Isle & Sky pet treats range, while emphasizing their efforts in reducing corporate costs and maintaining efficient operations. Despite the market pressures and higher labor costs, the firm is focused on strategic growth and efficient capital management to sustain shareholder returns.
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