Bega Cheese Limited (AU:BGA) has released an update.
Bega Cheese Limited has reported a solid financial performance for FY2024, driven by significant growth in its branded business segment, with revenue increasing by 4% and branded growth by 6%. The company has made strategic acquisitions, including Betta Milk, and improved its efficiency by selling its fruit processing facility, resulting in a strong balance sheet and an increased dividend of $0.08 per share. Despite challenges in the dairy commodity market, Bega Cheese is well-positioned for future growth with a focus on enhancing productivity and efficiency.
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