23rd November 2021 By Staff Reporter | email@example.com | @foodtickernz
Meat processing co-operative Alliance Group has posted an operating profit of $41.9m before tax and distributions for the year ending September 2021, up from $27.3m last year.
The year-on-year improvement comes after a circa $20m back-payment provision heavily-impacted last year’s result. The comparable payment in this financial year is just over $2m.
Turnover was $1.8bn and a profit distribution of $8.5m will be made to its farmer shareholders, adding to the $16.7m in loyalty payments already paid this year.
21 Oct 2021 Alliance secures M&S Singapore deal
17 May 2021 Alliance Q1 payments increase 25% to $6m
20 Apr 2021 Alliance expansion opens in Southland