TasFoods gets offers for Nichols Poultry

Group 1 - TasFoods has received two indicative non-binding proposals for its Nichols poultry business as it reassesses the unit [1] - The company is engaging with the parties behind the proposals and is considering all options, including divestment, although the discussions are not at an advanced stage [1] - In August, TasFoods announced a review of its poultry operations and recorded a non-cash impairment of A$1.2 million in the poultry division [2] Group 2 - Sales revenue for continued operations, including poultry and cheese, fell 21% year-on-year to A$19.9 million due to poultry oversupply and discounted pricing [3] - The gross margin for the poultry division decreased to 22% from 23% in the previous year [3] - TasFoods has been reshaping its portfolio, including the sale of its Pyengana Dairy operation for A$2 million and the acquisition of Redbank Poultry for A$1.3 million [4][5]