News: BFC Beston Global Food Says HY Net Sales From Continuing Operations A$81.0 Mln, Down 4.2%

March 1 (Reuters) - Beston Global Food Company Ltd (BFC) :

• NON BINDING INDICATIVE OFFER RECEIVED AND APPROVED FOR PFG MEAT BUSINESS
• HY NET SALES FROM CONTINUING OPERATIONS A$81.0M, DOWN 4.2% VERSUS 1H FY23
• INDICATIVE OFFER FOR PFG (MEAT) PROCESSING BUSINESS HAS NOW ENTERED DUE DILIGENCE PHASE
• PROCUREMENT INITIATIVES AND COST SAVINGS IN MANUFACTURING ARE SET TO PAY BACK DURING H2 FY24
• INITIATIVES WILL SAVE AT LEAST A$5 MILLION IN COSTS ON A FULL-YEAR BASIS WITH SAVINGS COMMENCING IN H2 FY24