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Freedom Foods fiscal H1 profit falls YOY

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MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023

Freedom Foods fiscal H1 profit falls YOY

Freedom Foods Group Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2015, came to 1 Australian cents per share, a decline of 24.5% from 2 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$2.1 million, a decline of 19.8% from A$2.7 million in the year-earlier period.

Total revenue climbed 21.0% year over year to A$54.1 million from A$44.7 million, and total operating expenses increased 22.9% from the prior-year period to A$50.5 million from A$41.1 million.

Reported net income declined 57.6% on an annual basis to A$23.4 million, or 14 cents per share, from A$55.2 million, or 35 cents per share.