TasFoods Limited (AU:TFL) has released an update.
TasFoods Limited reports a half-year net loss of $5 million due to a $2.9 million impairment in its poultry assets, but highlights a 45% improvement over the previous period’s loss. The company’s revenue from continued operations increased by 2.2%, showing resilience amid tough economic conditions and aggressive cost management strategies. The positive results are also attributed to the divestment of non-core businesses and strong performance in the pet treat sector and award-winning cheese products.
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