"With the refreshed board and management team having reviewed the existing operations, TasFoods will be seeking to build on its existing strengths in poultry whilst ensuring it is remaining close to new opportunities in the food and beverage sector," the Launceston-headquartered agribusiness said in its September quarterly report.

"With two complementary business divisions each generating strong revenue and EBITDA (earnings before interest, tax, depreciation and amortisation), TasFoods is pleased that it is beginning to realise the strategic and financial opportunity of taking premium, value-add Tasmanian produce to domestic and international consumers.

"The business has strong brands and the operations of the business are very well managed, providing a cornerstone for future opportunity."

TasFoods said it was nearing profitability on an EBITDA basis.

It said sales momentum continued into the September quarter.

Year to date sales were 4 per cent ahead of last year.

TasFoods said that was driven by the dairy and poultry divisions.

"This is a pleasing result due to the negative impact of COVID-19 on our sales into food service and restaurants due to the continued lockdown in New South Wales and Victoria during quarter three, 2021, along with the impact to the Tasmanian economy due to lower inbound domestic and international tourism," it said.

"As these states emerge from lockdown, the business has seen early signs of recovery, with increased sales through these channels."

The dairy division's year to date EBITDA was 8.6 per cent higher than in the corresponding period a year earlier.

The poultry division was ahead by 98 per cent on the same measure.

TasFoods recently appointed Scott Hadley as chief executive - replacing Jane Bennett - and Shona Croucher as chief financial officer.