Westland hoping for another record year

Westland hoping for another record year
Westland's factory on the West Coast. (Image: BusinessDesk)
Riley Kennedy
Westland Milk Products says it's on track to repeat its record financial result from last year despite a slump in global dairy demand.The Chinese-owned West Coast milk company hit $1 billion in revenue for the first time in the 12 months to the end of 2022, producing a profit of $39 million.That was compared to revenue of $821m and a total loss of $109m the year prior.Now, the company believes it’s on track to repeat 2022’s results.Global dairy prices have been under pressure for much of the year, with whole milk powder prices &...

More Finance

Kiwibank wary of capital-review barrier to growth
Finance

Kiwibank wary of capital-review barrier to growth

Kiwibank raises issues of competitive advantage.

Andy Macdonald 24 Oct 2025
Heartland Group’s Q1 trading solid, not without challenges
Finance

Heartland Group’s Q1 trading solid, not without challenges

Heartland Group reports solid Q1 performance as NZ business conditions challenging.

Staff reporters 24 Oct 2025
Kiwibank eyes a fairer fight with the Aussie big four
Finance

Kiwibank eyes a fairer fight with the Aussie big four

Kiwibank, partway through a $500m capital hike, sells growth and culture stories.

Andy Macdonald 23 Oct 2025
FNZ case adds plaintiffs in latest legal twist
Finance

FNZ case adds plaintiffs in latest legal twist

Employee shareholders at FNZ are using a second entity.

Victoria Young 22 Oct 2025