Latest news with #ANZCOFoods
Otago Daily Times
11-05-2025
- Business
- Otago Daily Times
'Another challenging year' for red meat company
Tight margins in a challenging second half of 2024 have hit the pockets of major red meat processor and exporter ANZCO Foods, but it made a profit nonetheless. The Christchurch-headquartered company with seven processing and three manufacturing sites across Aotearoa recorded a net profit of $8.4 million in the year to December, down from the $44.4m after-tax profit last year. Chief executive Peter Conley said it was another challenging year for farmers and the red meat sector. "Lower market returns, especially during the main processing season squeezed margins and impacted business performance," he said. "Global market pricing for beef and lamb improved in the second half of the year with increased consumer demand in key markets including North Asia, USA, Canada, UK and Europe." He said China was the most challenging market last year. "China has seen slower economic activity, and this reduced demand impacted beef and sheep meat returns," he said. Conley said its sites were fully staffed through the year, which helped drive higher revenue "through additional product recoveries". Looking to 2025, he said there were continued strengths in key markets like North America particularly for beef, and the United Kingdom and European Union for sheepmeat, but China remained sluggish. "The 2025 year has started positively but with new uncertainty as geopolitical tensions and tariff implications are yet to be fully understood," he said. "However, the underlying outlook for beef and lamb is positive with improving economic conditions driving increased demand amid global supply constraints." In relation to its United States business, Conley said it had been able to maintain pricing and pass on the costs to the American end of the chain, as it continued to benefit from the region's insatiable hunger for beef. ANZCO Foods was one of the country's largest exports with an annual turnover of $1.85 billion and nearly 3000 employees globally.
RNZ News
11-05-2025
- Business
- RNZ News
ANZCO Foods posts $8m profit amid 'another challenging year' for red meat
Photo: 123rf Tight margins in a challenging second half of 2024 have hit the pockets of major red meat processor and exporter ANZCO Foods, but it made a profit nonetheless. The Christchurch-headquartered company with seven processing and three manufacturing sites across Aotearoa recorded a net profit of $8.4 million in the year to December, down from the $44.4m after-tax profit last year. Chief executive Peter Conley said it was another challenging year for farmers and the red meat sector. "Lower market returns, especially during the main processing season squeezed margins and impacted business performance," he said. "Global market pricing for beef and lamb improved in the second half of the year with increased consumer demand in key markets including North Asia, USA, Canada, UK and Europe." He said China was the most challenging market last year. "China has seen slower economic activity, and this reduced demand impacted beef and sheep meat returns," he said. Conley said its sites were fully staffed through the year, which helped drive higher revenue "through additional product recoveries". Looking to 2025, he said there were continued strengths in key markets like North America particularly for beef , and the United Kingdom and European Union for sheepmeat, but China remained sluggish. "The 2025 year has started positively but with new uncertainty as geopolitical tensions and tariff implications are yet to be fully understood," he said. "However, the underlying outlook for beef and lamb is positive with improving economic conditions driving increased demand amid global supply constraints." In relation to its United States business , Conley said it had been able to maintain pricing and pass on the costs to the American end of the chain, as it continued to benefit from the region's insatiable hunger for beef. ANZCO Foods was one of the country's largest exports with an annual turnover of $1.85 billion and nearly 3000 employees globally. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Perth Now
21-04-2025
- Perth Now
Twist after teen's body found in lake
A man has been charged with the murder of beloved 19-year-old Audrey Griffin a month after her remains were discovered in a NSW Central Coast creek. The body of the teenager was found partially submerged in the Erina Creek near The Entrance Rd, Erina, on the Central Coast at about 3.45pm on Monday, March 24. She had been reported missing only a few hours earlier, with her friends last seeing the 19-year-old at about 2am on a night out at the Gosford Hotel. A man has been charged with murder of beloved 19-year-old Audrey Griffin a month after her remains were discovered in a NSW Central Coast creek. Facebook Credit: News Corp Australia A 53-year-old man has been charged with her murder. LinkedIn Credit: News Corp Australia Initial inquiries led police to believe the death wasn't suspicious. However after further investigation, police arrested a 53-year-old man in Surry Hills at about 12.20pm on Monday. He has been charged with murder and 11 other unrelated domestic violence matters. Police will allege the man had a physical altercation with the teenager. He was refused bail and is due to appear before Downing Centre Local Court on Tuesday. The teenager was a gifted athlete who was adored by her local community. supplied Credit: News Corp Australia Ms Griffin's death rocked the local community, who remembered her as a 'beautiful girl' who was 'treasured by a lot of people'. 'She touched the hearts of so many people and always had a smile,' a friend penned on social media. 'Her laugh was contagious and her goofy self always made us laugh. 'I'm sure many of you have so many beautiful memories, photos and videos of her, I would love to eventually see them all. 'Audrey you are truly loved by so many people.' The teenager was a gifted triathlete, taking part in the ANZCO Foods half Ironman competition in New Zealand a few weeks before her death, finishing 23rd in her age group classification. She was a member of the Terrigal Sharks Rugby League Club and Terrigal Surf Life Saving Club, and was a former vice-captain of Central Coast Sports College.
