An announcement from Farm Pride Foods Limited ( (AU:FRM) ) is now available.
Farm Pride Foods Ltd reported a significant financial turnaround for the half-year ending December 2024, with an EBITDA of $7.05 million and a profit after tax of $1.63 million, marking its first half-yearly profit since 2018. The company has made strides in recovering from an avian influenza outbreak, upgrading biosecurity measures, and improving operational efficiencies. Despite ongoing challenges such as national egg shortages and cost pressures, Farm Pride is focused on enhancing production capabilities and has initiated repopulation of affected farms. The company’s strong financial performance has led to an increase in the Managing Director’s remuneration and the achievement of key performance milestones.
More about Farm Pride Foods Limited
Farm Pride Foods Ltd is a leading ASX-listed vertically integrated egg company that farms, processes, and markets a variety of egg and egg-related products. The company is focused on meeting the market’s evolving demand for cage-free eggs and maintains strong relationships with supermarkets and industrial food manufacturers. Farm Pride is committed to high standards of environmental, social, and corporate governance responsibility, being the only egg company in Australia to manufacture its own egg cartons using recycled materials.
YTD Price Performance: 50.0%
Average Trading Volume: 33,658
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$39.58M
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