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

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)
Brent Melville
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...

More Retail

The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024
Serato and AlphaTheta have abandoned deal
Retail

Serato and AlphaTheta have abandoned deal

The CMA said it has received written assurances from the parties. 

Rebecca Howard 24 Jul 2024
Warehouse share trading complaint filed
Retail

Warehouse share trading complaint filed

The Warehouse had confirmed a buyout proposal had been lodged.

Gregor Thompson 24 Jul 2024
Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.