Goodman Fielder says well within banking covenants
Bread and margarine maker Goodman Fielder Ltd says it is well within its banking covenants, and it did not expect to make any significant writedowns following a strategic review by the company.
Goodman Fielder Ltd has again cut its earnings guidance, after taking a non-cash $300 million impairment charge relating to its banking division, and says trading conditions remain subdued.