Sharechat Logo

Greener pastures for Alliance

By Phil Boeyen, ShareChat Business News Editor

Thursday 9th November 2000

Text too small?
Meat processor Alliance Group has turned in a $17 million bottom-line for the year ended September, up considerably on last year's $2 million result.

Chairman, John Turner, says the company had a positive financial year following good lambing last year, favourable climatic conditions, better export prices and a lower dollar.

Sales for the year rose to $920 million compared with $823 million in 1999. Operating profit before pool distributions and other items was $46.5 million, up considerably on last year's $31 million.

Alliance CEO, Owen Poole, says there has been an unprecedented level of change in the company in the past 12 months, including building a new plant at Nelson, merging the work forces at the Lorneville and Makarewa plants, and consolidating beef processing at Mataura.

Mr Poole says the outlook for 2000-2001 remains positive, and the value of the New Zealand dollar against our trading partners would be a factor in the new season's returns to producers.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.
IRG See IRG research reports