Maggie Beer Holdings Profit After Tough Changes

0:00In Adelaide, it's February 27, and here's what is going on. Maggie Beer Holdings, the food company named after the famous South Australian chef on his board, just posted its first profit since the financial. Year 2023. That year, they made $766,000, but losses piled up after, including a $6 million hit in early 20. 24 from their dairy business. They sold that dairy arm last June for $500,000, a big drop from the $34 million they paid back in 2017. The chair says tub changes over the past year turn things around, like cutting $2 million in costs, refreshing the board, and raising. $11.5 million from shareholders. Key products drove the $398,000 profit, with cheeses of 12.7%, stocks of 10.7%, and their star virtues soaring 52.5% on exports. Total sales dipped just 1.7% to $52.8 million, but cash stands strong at 15.5 million.

1:06Meanwhile, the hamper's business earned $3.1 million on $34 million in revenue, and they are eyeing bids or a sale with updates. Coming soon. This story is made possible by our sponsor. See the episode description. Your favorite podcasts, music, or sleep sounds coming from your pillow. No earbuds, no distractions, just listen and relax.