Ingham’s Group NZ revenue lifts as it passes on price increases

Ingham’s Group says NZ's annual revenue +1.2%. (Image: Unsplash)

Fri, 19 Aug 2022

Poultry producer Ingham’s Group said its New Zealand’s annual revenue lifted 1.2% to A$398.4 million (NZ$441.2m) as price increases helped offset rising feed costs and inflationary pressures. However, NZ earnings before interest, tax, depreciation and amortisation (Ebitda) fell 19.3% to A$58.2m in the year to June 25 from A$72.1m a year earlier, according to the Sydney-based company's annual results.The company, which is listed on the Australian stock exchange, said both its NZ and Australian operations had been hit by covi...

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