Australian Dairy Nutritionals Group Reports Q4 Net Cash Outflow, Announces Leadership Changes
Source: The DairyNews
Australian Dairy Nutritionals Group (AHF) has reported a net cash outflow of $1.19 million for the fourth quarter of FY24.
Despite this, the company maintains a solid cash position with $6.11 million on hand, bolstered by the sale of the Brucknell South Farm.
The company has also made significant leadership changes, appointing Peter Nathan as Non-Executive Chairman and Mahinthan Sundaranathan as CEO. Both leaders bring extensive experience to guide the company’s future growth.
Looking ahead, AHF plans to conduct a strategic review to further capitalize on its advantageous position in Australia's dairy industry's 'Golden Triangle.' This review aims to identify growth opportunities and streamline operations, ensuring the company remains at the forefront of the sector.
The company has also made significant leadership changes, appointing Peter Nathan as Non-Executive Chairman and Mahinthan Sundaranathan as CEO. Both leaders bring extensive experience to guide the company’s future growth.
Looking ahead, AHF plans to conduct a strategic review to further capitalize on its advantageous position in Australia's dairy industry's 'Golden Triangle.' This review aims to identify growth opportunities and streamline operations, ensuring the company remains at the forefront of the sector.
