Profit: $95.8m, worse than the $70.2m loss the previous year.
Main takeaway:Company has responded to tough global trading conditions with a ‘comprehensive reset’ and believes it has turned a corner on two tough years.
Farmer-owned meat processor Alliance Group has reported a second horror year financially, as sales to China sank and restructuring costs hit the bottom line.
The result was a net loss of $95.8 million for the year to September, down from a loss of $70.2m the previous year.
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Key points
Revenue: down 13% to $1.77 billion
Profit: $95.8m, worse than the $70.2m loss the previous year.
Main takeaway:Company has responded to tough global trading conditions with a ‘comprehensive reset’ and believes it has turned a corner on two tough years.
