Tough global trading conditions, especially for lamb, were cited in the meat processing co-op's results. Photo / Nate McKinnon, RNZ
Alliance Group has plunged deeper into the red, but is forecast to be profitable in the year ahead.
The farmer-owned processor reported an after-tax loss of $95.8 million for the year ending September 30, compared to a loss of $70m in the year prior.
Turnover slipped to $1.8 billion,
down from $2b in 2023.
Chair Mark Wynne said it was a disappointing financial result for the co-op and reflected the tough global trading conditions especially for lamb, which accounted for a high proportion of its portfolio.
Read more at BusinessDesk here.
