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Everything Fresh posts lower quarterly profit

 
Net profit at Everything Fresh declined 14 per cent to $38.5 million for the three months ended June 30, down from $44.8 million a year earlier. 
 
Revenue also weakened, falling 4.7 per cent to $1.07 billion.
 
The food distributor says its performance was affected by logistical challenges linked to geopolitical tensions in the Middle East, as well as the slow recovery of some hotel-sector customers following the impact of Hurricane Melissa.
 
For the six-month period, revenue slipped marginally by 0.3 per cent to $2.16 billion. 
 
Managing Director Courtney Pullen says the company remains focused on delivering growth targets and continues to prioritise organic, profitable growth while improving margins.


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