Goodman Fielder Limited (ASX:GFF) says recent steps taken have arrested the group’s earnings decline.
The second quarter is now showing improvement according to managing director Chris Delaney.
The bread and spreads maker has found $40 million of cost savings.
The company is undertaking a strategic review of the business.
In the 2011 financial year Goodman Fielder posted a net loss of $161 million.
