Subscribe today - find out more
Why you should consider BusinessDesk

$25.2m fillip for Alliance shareholders

Staff reporters
Mon, 22 Nov 2021

Surveyor: more difficult trading ahead. (Image: supplied)
Surveyor: more difficult trading ahead. (Image: supplied)
Staff reporters
Mon, 22 Nov 2021
Alliance Group's 4,000 farmer shareholders will share an $8.5 million profit distribution this year, added to $16.7m in loyalty payments already paid out.The payments reflect a significantly better performance for the Southland-based meat co-operative and the country's largest exporter of sheep products for the year to Sept 30, with pre-distribution profits at $32.3m, up more than four-fold on the $7m posted for the prior year.While revenues remained largely unchanged at $1.8 billion, equity accounted earnings chipped in $8.9m, mainly r...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance
Businesses', banks' views on credit availability diverge
Jenny Ruth | Thu, 02 Dec 2021

Apparently, contradictory views among businesses and banks may all be correct. 

Opinion
Lessons from the death of a startup founder
Peter Griffin | Thu, 02 Dec 2021

 Jake Millar didn’t get the guidance and support he needed to avoid this outcome, the roots of which went much deeper than embarrassing media coverage.

Property
Winton delivers early Christmas present to NZX in $350m IPO
Paul McBeth | Wed, 01 Dec 2021

Macquarie will take a big piece of the action in Winton's Christmas initial public offering. 

Sponsored
Statutory reform can deliver momentum to land transport decarbonisation

To met the government's ambitious net carbon zero target, New Zealanders need to reduce their reliance on cars.

Sponsored
Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.