ANZCO Foods' net profit plunges
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
ANZCO Foods’ Stony River Black Angus sirloin received a gold medal as well as bronze for its ribeye, Greenstone Creek received silver medals for its tenderloin and ribeye and a bronze for its sirloin, and Ocean Beef received a silver medal in the tenderloin category and bronze for its ribeye.
The company was also a finalist in the Large Producer Award category. The results were announced this week.
“We are very pleased to receive another gold medal in these prestigious awards for the fourth year in a row,” says ANZCO Foods general manager sales and marketing, Rick Walker.
“We’re also delighted to have been announced as a finalist in the inaugural Large Producer Award, which recognises large-scale beef producers who demonstrate excellence in quality, sustainability, innovation, and industry leadership.
“These results reflect the hard work and commitment of our farmers and the expertise of our processing teams – both essential for producing world-class beef,” says Walker.
“The awards support ANZCO Foods’ goal to bring nutrition and good health to the world through New Zealand’s finest beef and lamb, as well as providing an excellent eating experience for our consumers and chefs around the world.”
The annual World Steak Challenge has been running since 2015, with beef producers and suppliers from around the world showcasing their best product on the international stage. All steaks are judged by a panel of more than 80 independent experts, with the world’s best steak, along with the winner of the Large Producer Award, announced at the formal award ceremony in London on 11 November.
