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Supermarket discounting hurts Goodman Fielder profit
date:Feb 17, 2013
to recover input cost inflation in our Baking and Grocery divisions in Australia and New Zealand, he added.

Normalised EBIT declined by 17 per cent to $95.3 million reflecting lower volumes in Baking and increased mix pressure from private label and competitors in Grocery, which required further investment in price and promotion.

However, Goodman Fielders statutory net profit after tax was up to $35 million, following the sale of the Integro oils business to Graincorp on October 2, 2012. The $

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