Dec 19 (Reuters) - Bega Cheese Ltd (BGA) :
- UPDATES ON OVERALL BUSINESS PERFORMANCE AND ACQUISITION OF KOROIT
- SEES OVERALL MILK INTAKE IN FY2019 WILL BE BETWEEN 1.0-1.1 BILLION LITRES OF MILK COMPARED TO A TOTAL INTAKE OF 750 MILLION LITRES IN FY2018.
- OUTLOOK FOR BEGA CHEESE'S FINANCIAL PERFORMANCE IN FY2019 IS EXPECTED TO BE IMPACTED BY COMPETITIVE PRESSURE
- SEES NORMALISED EBITDA IN RANGE OF $123 TO $130 MILLION FOR FY2019
- INCREASED DEPRECIATION CHARGES ON KOROIT INFRASTRUCTURE HAVE BEEN REFLECTED IN FORECAST NORMALISED PROFIT AFTER TAX
- CURRENT FORECASTS INDICATE A NORMALISED PROFIT AFTER TAX RANGE OF $44 AND $48 MILLION.
- OVERALL REDUCTION IN AUSTRALIAN MILK SUPPLY POOL HAS CREATED SIGNIFICANT COMPETITIVE FARM GATE MILK PRICING PRESSURE
Dec 19 (Reuters) - Bega Cheese Ltd (BGA) : UPDATES ON OVERALL...
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