Bega results on the rise

Company News

by Anna Napoli

Bega Cheese (ASX:BGA) has reported its statutory profit after tax rose about 31 per cent to $21 million for the half year to December 2017.

Sales revenue increased by 14 per cent on the same time last year to $705 million.

Its earnings (EBITDA) increased by 46 per cent to $52 million dollars.

The company declared an interim dividend of 5.5 cents per share.

Bega says it’s currently in a transition phase of the newly created Bega Foods and has increased investment in Vegemite and Zoosh brands.

Shares in Bega Cheese (ASX:BGA) are trading 2.59 per cent lower to $7.14

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.