Maggie Beer Products / Paris Creek, Chantale Millard (ILF2017) & Melanie Malig (ILF2014)
The share price of Maggie Beer Holdings has fallen sharply on the back of its struggling dairy businesses including SA-based Paris Creek Farms, which are now listed as ‘non-core’ assets.
The reduced earnings forecast has been driven by a $2.8 million fall in earnings from its underperforming dairy assets, Paris Creek Farms in the Adelaide Hills and Melbourne-based St David Dairy.
Maggie Beer Holdings (MBH), which has achieved strong growth in the past 18 months through its gift basket and e-commerce businesses, has now labelled its dairies as “non-core assets”, bringing their future under a cloud.