Blue Sky Pasture squeezed by weak meat prices

Blue Sky chair Scott O'Donnell says the primary focus remains on strengthening the company's core business. (Image: Supplied)

Riley Kennedy

Mon, 04 Nov 2024

Blue Sky Pastures' profit has been squeezed by weak sheep meat prices despite an increase in revenue.The Southland company, which trades as Blue Sky Meats (NZ), reiterated that dividends were unlikely in the short term.South Lamb Investments – an entity backed by chair Scott O’Donnell and Andrew Lowe – is the majority owner of the lamb and mutton processor after it launched a takeover offer in 2022, removing it from the Unlisted Securities Exchange.It offered $3 a share and ended up getting just shy of 75% of the ownership...

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