Freedom Foods Group says it expects a lift in second-half sales revenue, helped by growing demand for its UHT milk across Australia and Asia.
The health foods company on Monday said it has experienced a strong start to the 2018 financial year, with first-quarter sales beating expectations thanks to growing demand across all activities in Australia, South East Asia and China.
The company - which makes cereals, and plant and dairy beverages - now forecasts second-half sales to be at the higher end of its previously advised $340 million to $360 million guidance range.
That compares to $262 million in 2016/17.
"The company expects this and future years' sale increases to flow through positively to increased operating margins," Freedom said in a statement.
Freedom said the changing dynamics within the Australian Dairy Industry had seen a "considerable" uplift in demand for its UHT dairy products.
It expects total volumes processed of its UHT dairy product to be in excess of 150 million litres in full year 2017/18, up from 85 million litres in 2016/17, and 240 million litres in 2018/19.
Freedom Foods shares closed four cents, or one per cent, higher at $4.18 on Monday.
