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Freedom Foods looses $24m, but exports, dairy and nutrition sales rise | Farm Weekly



Shares in troubled Freedom Foods will remain in their eight-month trading halt until later this month as the dairy and cereal processor continues slowly extracting itself from a fiscal swamp.

Freedom has achieved a 33 per cent jump in export sales, a 17pc rise in plant-based beverages revenue – notably with cafe favourite, Milklab – and a 15pc revenue lift from dairy and nutritional products during its 2020-21 first half.

The company subsequently turned around half-year earnings before interest, tax, depreciation and amortisation from a $21.5 million loss a year ago to almost $24m, although still posted a $24m overall statutory loss for the first half of 2020-21.

That loss would have shrunk to $15.2m if its recently sold cereals and snacks…

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