Alliance Group doubles annual earnings as meat prices recover, targets fatter profitability

Paul McBeth
Thu, 23 Nov 2017

By Paul McBeth Nov. 24 (BusinessDesk) - Alliance Group, the world's biggest sheepmeat exporter, doubled annual earnings as its sales rose 15 percent with a recovery in global meat prices, but wants to lift profitability further.  Operating earnings rose to $20.2 million in the year ended Sept. 30 from $10.1 million a year earlier, the Invercargill-based company said in a statement. It paid $11.4 million to its 5,000 farmer shareholders, up from $9.8 million, while revenue rose to $1.53 billion from $1.36 billion.  "We are welcoming new...

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