GOODMAN FIELDER SET TO REPORT FULL YEAR LOSS.

SYDNEY, Sept 3 Asia Pulse - Goodman Fielder Ltd (ASX: GMF), Australia's biggest food company, is set to report a full year loss this week, as it takes a one-off $A150 million ($US78.89 million) hit to cover restructuring costs.

The food giant - which makes Uncle Tobys products, Buttercup bread and Meadow Lea margarine - has indicated that its operating profit will dip five per cent below the previous year's $123.4 million result.

The market expects the result to come in as forecast at around $116 to $117 million.

Restructuring costs, however, will drag the company's net result into the red, with expectations the food manufacturer will record a $77 million net loss.

Goodman revealed in April it would take a single $150 million swipe at its accounts to cover the cost of its aggressive restructuring, following pressure from major shareholder Perpetual Trustees.

The company had previously planned to take three annual $50 million charges.

The restructuring was expected to result in cost savings of about $90 million in the current financial year, including a 15 per cent reduction in corporate overhead costs and a six per cent fall in staff positions.