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

Beston Global Food

01/03/2024 24:55

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

Source text for Eikon:  ID:nASX7j9NZt 
Further company coverage:  BFC.AX 

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