Alliance Group turns the page on two bad years, looks towards profitability

Alliance's chairman, Mark Wynne. (Image: Supplied)

Wed, 20 Nov 2024

Alliance Group is hoping to have an outcome of its external capital raise ready for its farmer-owners to vote on by the end of July next year, its chairman says.However, Alliance Group chairman Mark Wynne has stressed that it’s only a “high-level” timeframe and that it is still early in the process.The only fully farmer owned meat processor plunged deeper into the red in the 12 months to September, reporting an after-tax loss of $95.8 million, compared to $70.2m in the prior year.Significant pressureThis year’s loss, how...

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