Australian restructure adds to 'NZ's butcher' $14.3m loss

It's not 'sure as Hellers' anymore as company plunges to continued loss. (Image: Hellers)

Tue, 05 Dec 2023

Hellers Group widened its net losses to $14.3 million for the 12 months to June, from $7.6m for the 2022 year.The Australian-controlled sausage, bacon, ham and smallgoods producer – dubbed NZ’s butcher – pushed revenues to $399.6m for the year, up from $347.6m.Operating expenses jumped by more than $50m to $372.9m. The company’s finance and interest bill jumped by $12.9m to $31.4m, while its employment benefits payments climbed by $2m to $59m. The company employs about 660 people across its Manukau fa...

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