Alliance Group reports 'very disappointing' $70m loss after 'extremely difficult' year

Alliance chair Murray Taggart said the company's 75th anniversary was not a good one. (Image: Alliance)

Wed, 15 Nov 2023

One of the country's largest meat companies, Alliance Group, has reported an after-tax loss of just over $70 million in what it described as an “extremely difficult” year.Alliance’s “very disappointing” result to September 30 this year, released to media late Wednesday evening, comes off the back of a record year for the co-operative in 2022 when it reported an after-tax profit of $73.6m.In the most recent financial year, Alliance’s revenue slipped by $200m to $2 billion. Its before tax loss was $97.7mGiv...

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