Open Country Dairy says no impact from coronavirus yet

Open Country Dairy says no impact from coronavirus yet
Rebecca Howard
Open Country Dairy, New Zealand's second-largest milk processor, saw its full year net profit lift 34 percent on increased volumes and said a short-term negative impact from the coronavirus is likely. Profit was $31.42 million in the year ended Sept. 30 from $23.48  million a year earlier, its accounts show. Sales lifted 18 percent to  $1.4 billion while the cost of sales were up 17 percent to 1.3 billion.There was “increased volume so there was a natural increase in the bottom line and an exemplary outcome in terms of efficiency...

More Primary Sector

Five NZ stocks to watch this week
Primary Sector

Five NZ stocks to watch this week

It's time to look under the hood at some of NZ's largest listed companies.

Bremworth to assess potential offers for the business
Primary Sector

Bremworth to assess potential offers for the business

Bremworth has engaged Montarne to assist with the review.

Kinleith paper operations to close, loss of 230 jobs
Primary Sector

Kinleith paper operations to close, loss of 230 jobs

Minister Shane Jones says the closure is evidence of de-industrialisation.

Oliver Lewis and John Anthony 14 Feb 2025
Workers brace for Kinleith decision
Primary Sector

Workers brace for Kinleith decision

On Friday, Oji will update staff on a proposal to end paper production at the mill.

Oliver Lewis 13 Feb 2025