The company operating a Shepparton dairy factory has announced a half year profit and plans to further increase the factory's milk processing capacity.
Freedom Foods, is a diversified dairy and food producer with products on supermarket shelves in Australia, Asia and the US, is the largest producer of UHT milk in Australia with plants in Sydney as well as Shepparton. The company targets health conscious consumers.
The factory produces UHT milk for the export market and the company is completing the installation of exta filling and processing capacity which will enable them to process up to 150 million litres of milk, compared to last year’s throughput of 85 million litres.
Freedom Foods announced its half yearly profit of $16 million on net sales revenue of about $159 million.
Managing director Rory McLeod forecast a growth in sales revenue this financial year as a result of growing consumer demand.