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Bega Cheese Ltd (ASX: BGA) is one of Australia’s largest dairy businesses and has been producing dairy products since 1900. These days it usually sells more than 1 million packs of cheese a day across a variety of brands. Its brands include Bega, Vegemite, ZoOSh and Dairymont. It also owns Tatura, a producer of infant formula and cream cheese.
Bega Cheese Ltd (ASX:BGA) has reported its half year result to 30 December 2018.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.26% at lunch.
Coming to you live from Melbourne here are today’s headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles.
The Bega Cheese Ltd (ASX:BGA) share price has fallen by 6% since the start of the week when rumours emerged that it was raising $250 million in a capital raising.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.09% at lunch.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Wednesday morning.
Bega Cheese Ltd (ASX:BGA) just announced to the market that it is spending $250 million to acquire Saputo’s Dairy Australia’s Koroit dairy processing facility.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.60% at lunch.
Bega Cheese Ltd (ASX: BGA) released its half year financial report to investors today, showing a profit of $36.6 million.
