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Friday 03 December 2021

Alliance gross profit jumps to $42m

23rd November 2021 By Staff Reporter | news@foodticker.co.nz | @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.

 

 


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