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    BFC — Beston Global Food News Story

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    Brief: Beston Global Food Intends To Discontinue Provincial Food Group Meat Business

    Picture of Beston Global Food logoBeston Global Food
    22/06/2023 02:07
    June 22 (Reuters) - Beston Global Food Company Ltd
 BFC.AX :
    * INTENDS TO DISCONTINUE AND DIVEST ITS PROVINCIAL FOOD
GROUP MEAT
AND PLANT-BASED MEATS SECONDARY PROCESS BUSINESS, AMONG OTHERS
    * DECISION WILL ENABLE BFC TO FOCUS ON ITS DAIRY AND DAIRY
NUTRITION BUSINESS
    * ON STANDALONE BASIS, BFC'S DAIRY BUSINESS SET FOR SALES OF
OVER
A$170 MILLION AND TRADING EBITDA OF A$5 MILLION IN FY23
    * PROCEEDS OF ANY DIVESTMENTS WILL BE USED TO PAY DOWN DEBT

Source text for Eikon:  ID:nASX8SykG6 
Further company coverage:  BFC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))

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