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Thursday 21 October 2021

“Unusual” year for Blue Sky Pastures

11th October 2021 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

Shipping issues, storage concerns and worker absenteeism created an “unusual” year for Blue Sky Pastures.

Chair Scott O’Donnell said in the meat processor’s 2021 annual report released on Thursday that it was “one of the most unusual periods of trading in my 35-year career”.

“Blue Sky is nowhere near its potential, but [new chief executive Jim Goodall] can lead us into new and exciting directions which will allow the business to reach this potential.”

However, the company, based near Invercargill, reported an after-tax profit of $3.78m for the year to June 2021, up 20% on the previous 15-month period’s $3.14m. 

Revenue reached $163.49m, down from the previous 15-month $203.96m, and the company declared a dividend of 5 cents per share totalling $576,305.

 

 


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