Tegel warns Gita disruptions could hit profit by as much as $2 million

Thu, 22 Feb 2018

By Rebecca Howard Feb. 22 (BusinessDesk) - Tegel Group, New Zealand's biggest poultry producer, said recent one-off costs could hit net profit by as much as $2 million after the water supply to one of its processing plants was cut off by ex-cyclone Gita and after an ammonia leak from a valve on a chilled water tank prior earlier in the week. Gita whipped through the country early this week, sparking a state of emergency in several towns, including New Plymouth, as heavy winds and rain wreaked havoc. The Auckland-based company is still tr...

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