Displaying items by tag: Murray Taggart

Alliance Group has recorded its best profit result in 12 years, shareholders were told at the company’s virtual annual meeting yesterday.

Alliance Group has fought off soaring livestock prices and logisitcal challenges to record a healthy profit.

Alliance Group has announced an operating profit of $41.9 million before tax and distributions for the year ending 30 September 2021.

After being dogged by claims about its entitlement to the wage subsidy, the country’s largest meat processor will now fully pay it back.

Shareholders at the Alliance Group Annual Meeting this week were told the cooperative showed agility in an unprecedented year as a result of Covid-19 and adverse weather events.

Alliance Group is holding an election to fill two directorships next week.

An historic employee entitlement claim of nearly $20 million severely dented meat processor Alliance Group’s annual result this year.

Meat co-op Alliance Group announced an underlying profit of $27.4 million for 2020. Adjusted for one-off events, the annual profit result was $7.5 million before tax.

The unusually wet summer so far means a flush of feed NZ-wide, says Alliance Group chairman Murray Taggart.

Meat processor Alliance says its operating profit dropped 60% because of higher payment to farmer shareholders.