The recall of Nanna’s frozen berry products due to a hepatitis A scare has cost owner Patties Foods $1.5 million in lost earnings.
Patties Foods has warned its underlying profit for the 2014/15 financial year will fall to about $15 million from $17 million the previous year.
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It warned that on top of the lost earnings, the Nanna’s recall could also lead to a number of potentially significant asset writedowns.
“We have been significantly impacted in FY15 through loss of NPAT of approximately $1.5 million as a result of the frozen berries recall event,” managing director Steven Chaur said on Wednesday.
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