date:Aug 25, 2014
Bega Cheese has announced a 160 percent profit increase for the 2013/14 financial year on the previous 12 months.
One driver behind the success of the New South Wales processor is the sale of the Warrnambool Cheese and Butter shares for $99 million after Bega failed in its takeover bid for, ABC Rural reports.
We have an extraordinarily strong balance sheet with no net debt. No net debt, in fact, cash in the bank, executive chair Barry Irvin said.
It also included the $25 million allocated to