Ballance concerned about energy supply outlook

Kelvin Wickham says he has strong concerns over energy supply for Ballance and NZ. (Image: NZME)

Mon, 19 Aug 2024

Ballance Agri-Nutrients says that while it has escaped the current energy crunch, it is worried about the medium and long-term implications of a gas shortage for its operations and the country’s future.Ballance has reported reduced revenue to $929 million for the 2024 financial year, with a pre-tax profit of $17.2m. This compares with last year’s profit after tax of $35m on revenue of $1.22 billion.Ballance chief executive Kelvin Wickham said his first year in the job after moving from Fonterra was dominated by dealing with the comm...

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