Pure Foods Tasmania’s net loss reduced in the first half, reflecting the effectiveness of its recovery plan.
The company’s net loss decreased to $1.3 million on revenue that plunged 32.1 per cent to $3.2 million.
During the period, the company implemented a recovery plan that focuses on operational efficiencies, cost reductions, capital management, and employee and customer engagement.
Several leadership changes also occurred, including the resignation of Michael Cooper as MD and Phil Excell as CFO, and the appointment of Malcolm McAully as executive chairman.
Robert Knight also joined the company’s board during the first half.
