"We have now sold Parmalat Thailand and are in the process of winding down operations in Indonesia and Vietnam," he said. This would boost Parmalat Australia's earnings this year and in the future, Mr Lord said. The Asian operations made an $8.4 million loss last year, but Parmalat Australia's earnings before interest, tax, depreciation and amortisation (EBITDA) rose 13 per cent to $46.69 million. Australian domestic operations had an EBITDA of $55.1 million. Net profit was $9.2 million, up by $39.5 million over the previous year due to a $31.7 million foreign exchange turnaround.