Freedom Foods looks to expand after strong results

Company News

by Jessica Amir

Freedom Foods Group Limited (ASX:FNP) has announced its net sales grew 129% in the six months to 31 December 2016, compared to the prior corresponding period.

The food company also reported a 78% increase in operating net profit, compared to the prior corresponding period (PCP).

Its underlying operating EBDITA also rose over 70% (72% from the PCP) to $13 million.

The group attributes its strong six month results to organic international sales growth, new product lines, boosted dairy sales and innovation.

As a result Freedom Foods says it is well placed to build on its key food and beverage platforms in Australia, China, South East Asia and North America.
 

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