ASX NOU: Milklab owner Noumi's annual loss narrows
The net loss of Noumi – once known as Freedom Foods – narrowed to $46.9 million in fiscal 2023, from $161.1 million a year ago.
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The net loss of Noumi – once known as Freedom Foods – narrowed to $46.9 million in fiscal 2023, from $161.1 million a year ago.
Noumi, the restructured Freedom Foods, may struggle to meet its liabilities if it loses a class action, and fails to make sales and cost-cutting targets.
Households might be watching their budgets, but the chief of Milklab’s manufacturer is confident Australians will keep making coffee at home.
Food and dairy processor Noumi, formerly Freedom Foods, is moving ahead with plans to sell its shares in Australian Fresh Milk Holdings.
ASX-listed Noumi is close to wrapping up one dispute with US almond growers over its prized brand – but now faces another legal challenge.