The Maggie Beer Products gourmet foods business remains immersed in red ink but a restructuring program has prompted a glimmer of optimism from 48 per cent owner Longtable Group that the maker of ice-creams, pate, quince pastes and sauces can eventually make a profit.
Longtable, which also owns the Paris Creek premium dairy business, revealed on Thursday that Maggie Beer Products had suffered a bottomline loss of $1.23 million for 2017-18. This compared with a loss of $2.13 million in the previous financial year.
The Maggie Beer Products business was built over decades by Maggie Beer, who has a national profile through a string of cookbooks, television shows and as a frequent guest judge of Network Ten’s MasterChef series.
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