Australian-based grocer Foodland Associated has posted a 45.2% rise in quarterly sales, helped by the addition of more supermarkets in New Zealand to the chain.

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Foodland reported third-quarter sales of A$1.62bn (US$1.06bn), in line with analysts forecasts, and said year-to-date sales were up 48.7% to $4.8bn.


The company said its nine-month profit was up around 25% from a year earlier value of $102.4m.


Foodland managing director Trevor Coates said the company has had a number of non-binding offers for its non-core 60-store Farmers general merchandise chain.


Foodland’s sales result was helped by its newly expanded New Zealand supermarket division. Foodland bought an 85-store chain there nine months ago making it the second-biggest grocer in New Zealand.

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Foodland’s total New Zealand sales, including Farmers, grew 60% to A$1.16bn.
 

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