Bega Cheese: Shares rise on mixed FY22 results

Bega Cheese Shares rise on mixed FY22 results

• Bega Cheese (BGA) reports a 45 per cent spike in revenue exceeding $3 billion in FY22
• Bega says it achieved its goal of having at least 80 per cent of revenue come from branded products which was helped by the Dairy and Drinks business which was acquired at the start of 2021
• The Aussie dairy and food company also faced its challenges with net profits sliding 69 per cent to $24.2 million
• The company faced supply chain disruptions, largely due to COVID, as well as cost increases and the effects of the floods on the east coast
• BGA shares are up 12.6 per cent to trade at $4.21 each at 3:23 pm AEST