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TasFoods Limited ( (AU:TFL) ) has provided an update.
TasFoods Limited has signed a lease agreement for a contract grower shed facility as part of its ‘Path Forward’ strategy to enhance the Nichols Poultry supply chain. This move aims to improve operational efficiencies and feed conversion rates, following the acquisition of Nichols Hatchery in 2023. The initiative is expected to strengthen TasFoods’ competitive position in the domestic market and deliver long-term benefits.
More about TasFoods Limited
TasFoods Limited operates in the poultry industry, focusing on quality, sustainability, and animal welfare through its Nichols Poultry division. Nichols Poultry is a leader in the Tasmanian market, offering premium, natural, RSPCA-approved chicken products without added chlorine or water.
YTD Price Performance: -50.0%
Average Trading Volume: 723,138
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$3.93M
Learn more about TFL stock on TipRanks’ Stock Analysis page.
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