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Private label contract loss hits Patties Foods profit
date:Feb 27, 2014
unch of a new range of Nannas desserts.
Completion of the robotic packing equipment project that Patties said was now delivering the full anticipated benefits.
Improved Balance sheet with conservative gearing.

Capital Management

Patties reported a strengthened balance sheet, which was achieved through improved gearing and a net debt to equity ratio of 46.8 per cent at 31 December 2013 (50.9 per cent at 30 June 2013). Net Debt reduced significantly by $5.2m to $62.8m (30 June 2013 $68.0m).

Fur

12/24 12:43