BDO has entered agreements to sell assets, but doesn’t expect the bank to recoup the full amount owing to it.
The co-op reports net profit of $20.4m in turnaround year.
NZ timber manufacturer is poaching market share from hardwood and cedar alternative suppliers, notably out of Canada, and expects to hit $200m in revenue within five years.
The 2018 US-China trade war had only a marginal impact, but now ‘all agricultural exports are relegated to being pawns’, report says.
Debt owed by the wine business has been transferred to the electricity distributor after a covenant breach.
Simon Limmer says supply and demand remains ‘well out of equilibrium’.
Co-op shareholders can look forward to $3.2b capital return next year.
Farm supplies group reports higher revenues and profitability.
Its orchard manager says the industry needs to be careful not to ‘overreact’ after MyFarm fund’s voluntary administration.
Te ao Māori could differentiate New Zealand’s agritech sector from others, says new report.