Fixing Freedom Foods cost $28m, with more to come

Carrie LaFrenzSenior reporter

Updated Aug 30, 2021 – 4.23pm, first published at 11.11am

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key Points

Revenue ($m): 594.4, up 2.4pc
Pre-tax loss ($m): 38.8 v 136.5
Net loss ($m): 53.2 v 175.7
Dividend (c): nil

Freedom Foods Group’s underlying business has improved over 2021, with revenue boosted by strong growth in plant-based beverages, but the company’s major overhaul cost $28 million.

The company remains under investigation by the corporate regulator over allegations that it breached continuous disclosure and financial reporting obligations.