Blue Sky Meats posts $1.9M loss, signals review of unprofitable Gore beef plant

Sun, 30 Jul 2017

By Tina Morrison July 31 (BusinessDesk) - Blue Sky Meats, the Invercargill-based meat processor, posted a loss for the second year in a row and said the future of its unprofitable beef plant in Gore is under review. The company reported a loss of $1.91 million, or 16.54 cents per share, in the 12 months ended March 31, from a loss of $1.96 million, or 16.98 cents, a year earlier, according to its annual report. Revenue slid 17 percent to $97.9 million. It won't pay a dividend. Blue Sky paid $3 million for the Clover Meats beef processi...

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