AHF australian dairy nutritionals limited
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News: AHF Australian Dairy Nutritionals Group Enters JV With Jonesy's Dairy Fresh

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    26/08/19
    18:30
    Post #: 40159120

    Aug 26 (Reuters) - Australian Dairy Nutritionals Group (AHF) :

    • AHF ENTERS JOINT VENTURE WITH JONESY'S DAIRY FRESH
    • UNDER TERMS OF JV, JONESY'S DAIRY FRESH BUSINESS ASSETS WILL BE TRANSFERRED TO A NEW TRADING CO
    • AHF ANTICIPATES FY19 REVENUE TO BE APPROX. $21.3 MILLION, UP 10% ON FY18
    • NEW TRADING CO WILL BE 50% OWNED BY AHF AND 50% OWNED BY RHONDA & WAYNE SOMERVILLE
    • AUSTRALIAN DAIRY NUTRITIONALS GROUP SEES FY19 EBITDA OF (-$1.7 MILLION) COMPARED TO (-$2.8 MILLION) IN FY18
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