Tegel beats sales, profit forecasts, affirms targets for 2017

Mon, 20 Jun 2016

By Jonathan Underhill June 21 (BusinessDesk) - Tegel Group Holdings, the poultry group taken public by private equity firm Affinity Equity Partners in April, reported annual sales and profit that beat its prospectus forecasts and said it was on track to achieve its targets for the current year. Profit was $11.3 million in the year ended April 24, from $8.7 million a year earlier, the Auckland-based company said in a statement. Sales rose to $582 million from $563 million. The company had forecast profit of $10 million and sales of $581 m...

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