Archive for December, 2016

Alliance result not so good on closer inspection

December 3, 2016

At first sight the Alliance profit of $10.1 million for 2016 appeared to be a small but definite improvement over the previous year’s result when no supplier distribution was made. In contrast the directors have decided to pay $9.8 million to their suppliers, although about a third of this will be retained to ensure suppliers share up to a shareholding consistent with their livestock supply volumes. Therefore the final post tax profit was a bare $100,000. (more…)