PATTIES FOODS LIMITED Australia's Favounte Food
Annual General Meeting 2015
Steven Chaur - Managing Director and CEO
MD & CEOAddress - Patties Foods Limited - 2015 AGM 1
Thank you Mark for your introduction and a warm welcome to all our shareholders, investment community and key stakeholder representatives.
Ladies and gentlemen, Patties Foods is a truly great company and in 2016, we will celebrate 50 years of successful business in Australia.
It is fair to say, that the past 12 months have been very challenging for our trading aspirations, lead largely by the highly publicised Frozen Berries recall in February, which involved a national recall of selected Nanna's Fruit products, as well as escalating meat prices.
There has been however significant positive and sustainable progress in our company since I stood before you last year in our core brand focus, innovation, operational performance and focus on building new markets for our delicious products. I am delighted to share with you some of these achievements today.
I would first like to take this opportunity thank our entire organisation, our Board, our valued customers and our investors for their support during this period and to reaffirm that our future does remain bright.
Lets now turn to the brand activities undertaken over the past year.
Over the course of the past 12 months, our commitment to driving new to market product innovation and investing in our core brands with both media and customer activation has seen strong growth delivered.
In revenue terms, Group sales increased by +3.7% or $9.2 million, from the previous corresponding year to $257M - and this was delivered through each of our core brands.
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