Alliance Group reports greatest loss amid global challenges
Meat exporter faces turbulent year with $97.9m loss following record profit the previous year.
A steep decline in global market prices for lamb has led to a record loss for Alliance Group.
Meat processor Alliance Group revealed a substantial pre-tax loss in its annual results for the year ending September 30, 2023, of $97.9 million, a sharp contrast to the $116.3m profit recorded in the previous fiscal year.
This downturn occurred despite generating a turnover of $2 billion, 9% down
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