FOOD wholesaler and grocer Foodland Associated has announced a disappointing $6.38 million fall in net profit for the first half of 1995-96, blaming a “totally unsatisfactory” performance from its New Zealand operations. Foodland holds about 10.5 per cent of the WA retail grocery market through its wholly-owned Action Food Barns retail chain and holds 52 per cent of the total WA packaged grocery wholesale market.
