Simplot Australia hit by restructuring costs

Original article by Simon Evans
The Australian Financial Review – Page: 15 : 16-Feb-15

Food group Simplot Australia posted an after-tax net profit of $A33.8m for the year to 30 August 2014, which is 26 per cent lower than previously. The result was marred by restructuring costs, which included redundancy payments totalling $A22.8m. MD Terry O’Brien says reducing costs was necessary for Simplot to remain competitive. The group’s sales revenue rose by 4.65 per cent to $A1.24bn

CORPORATES
SIMPLOT AUSTRALIA (HOLDINGS) PTY LTD, JR SIMPLOT AND COMPANY, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, AUSVEG LIMITED, HJ HEINZ COMPANY AUSTRALIA LIMITED, McCAIN FOODS (AUST) PTY LTD

Leave a comment