date:Jul 23, 2012
NZ Snack Foods, the private equity controlled owner of Griffins, ETA and Nice and Natural food products, posted a 50 percent drop in annual profit as costs rose faster than sales and it took an impairment charge against one of its brands.
Snack Foods took a usd. 2. 5 million impairment charge against its Nice and Natural brand last year, the results show. The muesli, nut and baked bar maker took the charge after a change of supplier of the Strings brand fruit rollups, having determined it would