Bega Cheese says the company has had its challenges this year with flooding on the east coast and COVID continuing to disrupt the supply chain.
abc.net.au/news/bega-cheese-full-year-results-profits-slide-revenue-grows/101374860Bega Cheese has announced its revenue grew by 45 per cent this year to $3 billion but the regional food and drinks business's statutory profit was down 69 per cent.
The company said 2022 had its challenges, with flooding in vast parts of the east coast and COVID continuing to disrupt the supply chain.It is also the first year of operation for the business since acquiringThe market has responded to the announcement positively, with shares in Bega Cheese up 12 per cent in early trading.
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