close
MENU
Investment
4 mins to read

Loss deepens for T&G Global as it eyes recovery

The horticulture company was keen to convert increased demand into sales, ‘but the weather had other ideas,’ chair says.

Initial estimates suggest a strong Envy crop for T&G this harvest.

Kate McVicar Thu, 29 Feb 2024
Key points
  • Revenue: up $30 million to $1.33 billion.
  • Loss: A loss after tax of $45.6m. 
  • Key takeaway: T&G Global reported a tough 2023 fiscal year hindered by Cyclone Gabrielle, but executives hope a good season could see the horticulture company return to profitability. 

T&G Global (Turners and Growers) reported a challenged year, hindered by Cyclone Gabrielle and its fallout. However, with a positive season, executives hope the company could return to profitability within the new fiscal year.

T&G reported a small bump in revenue, while its net loss fell further.

The

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
NZ Aviation News

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Aviation News - Monthly

NZ$14.95 / monthly

Already have an account? Login
Kate McVicar Thu, 29 Feb 2024
Contact the Writer: kate@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: up $30 million to $1.33 billion.
  • Loss: A loss after tax of $45.6m. 
  • Key takeaway: T&G Global reported a tough 2023 fiscal year hindered by Cyclone Gabrielle, but executives hope a good season could see the horticulture company return to profitability. 
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Loss deepens for T&G Global as it eyes recovery
Investment,
102973
true