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Farm Pride Foods Limited ( (AU:FRM) ) has issued an announcement.
Farm Pride Foods Limited reported its quarterly activities, highlighting the recovery from Avian Influenza at its Lethbridge farms and the strategic placement of birds to enhance operations. Financially, the company repaid $2.599 million in finance facilities, finished the quarter with $3.82 million in cash, and improved its accounts payable turnover. Despite ongoing cost pressures, especially in biosecurity, the company saw a 12% increase in customer receipts and received $1.1 million in compensation for emergency disease management, ending the quarter with $4.837 million in cash, which includes a rental guarantee.
More about Farm Pride Foods Limited
Farm Pride Foods Limited 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 developing its farming business to meet the market’s evolving requirements for cage-free eggs, maintaining strong relationships with supermarket channels and industrial food manufacturers. Farm Pride also emphasizes 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: 20.83%
Average Trading Volume: 27,475
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$31.88M
See more insights into FRM stock on TipRanks’ Stock Analysis page.
