Anzco Foods says annual pre-tax profit fell 90% on tough year for beef processing

Rebecca Howard
Thu, 24 May 2018

By Rebecca Howard May 25 (BusinessDesk) - Meat processor and exporter Anzco Foods reported a 90 percent plunge in full-year pre-tax profit in what it said was a tough year for beef processing.  Anzco, a unit of Japanese-listed Itoham Yonekyu Holdings, said its pre-tax profit was $1.8 million in the 2017 calendar year versus $17 million in 2016. Revenue of $1.46 billion was consistent with the prior year when it was $1.45 billion, it said. "This result reflects a tough year in beef processing which comprises around 60 percent of Anzco F...

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