Westland hoping for another record year

Westland's factory on the West Coast. (Image: BusinessDesk)

Fri, 03 Nov 2023

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 &...

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