Alliance margins improve as swine fever boosts global meat prices

Wed, 20 Nov 2019

Alliance Group said it would resume paying a distribution to farmer-shareholders after more than doubling its annual profit as China's shrinking swine herd boosted meat prices worldwide. The Invercargill-based cooperative announced a $9 million profit distribution to its 4,000 or so farmer-shareholders, having held on to its earnings last year to reinvest back into the business.It reported an after-tax profit before distributions of $13.9 million in the year ended Sept. 30, from $6.6 million a year earlier. Gross margin widened to 4.5 perc...

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