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BRIEF-Bega Cheese Says HY Net Profit Attributable Up 154.0% To $21.7 Mln

Published 24/02/2021, 10:58 am

Feb 24 (Reuters) - Bega Cheese Ltd BGA.AX :

* HY NET PROFIT ATTRIBUTABLE UP 154.0% TO $21.7 MILLION

* HY REVENUE FROM ORDINARY ACTIVITIES DOWN 4.5% TO $707.7 MILLION

* INTERIM DIVIDEND DECLARED 5.00 CENTS PER SECURITY

* OVERALL MILK SUPPLY EXPECTED TO REMAIN STABLE FOR BALANCE OF FY2021

* OUTLOOK FOR BULK SEGMENT REMAINS CHALLENGING

* CONTRACTUAL TERMINATION FEE OF $21.1 MILLION IS EXPECTED TO BE RECEIVED ACROSS FY2021 AND FY2022

* ONE MAJOR CUSTOMER NOTIFIED CO THAT CONTRACTUAL ARRANGEMENT WILL CEASE IN OCT 2021 PRIOR TO ORIGINAL END DATE OF DEC 2026

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