Freedom Foods (ASX:FNP) reveals $174.5m loss and $280m capital raising plan

After almost six months suspended, the Freedom Foods Group Ltd (ASX: FNP) share price is nearing a return to trade.

Ahead of its potential return, this afternoon the embattled food company released its long-awaited full year results for FY 2020.

What happened in FY 2020?

For the 12 months ended 30 June, Freedom Foods reported total revenue of $580.2 million. This was a 26% year on year increase on its restated FY 2019 revenue of $461.8 million.

This was driven by its Dairy & Nutritionals and Plant-based Beverages businesses. Dairy & Nutritionals grew revenue by 37% to $362.9 million. Management advised that this was the result of growing demand for lactoferrin. Whereas the Plant-based Beverages business reported a 30% lift in…