Business
Costa Group profit mushrooms on higher demand and better conditions – Sydney Morning Herald
The ASX-listed fresh food company is rewarding shareholders with a fatter dividend, as it forecasts solid earnings for the second half of calendar 2020.
“And interestingly, the demand and pricing, right across our portfolio is very strong. Pretty much across all the different categories. So we’re coming into the second half I think in better shape than we ever have,” he said.
Costa’s international division generated EBITDA (earnings before interest, tax, depreciation and amortisation) for the half of $62.1 million, up 98 per cent on the prior corresponding period’s $31.4 million result. Profit margins in this division also swelled, from 38 per …
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