Alliance profit takes $4.28m hit – Sally Rae:
Alliance Group’s profit has taken a dive and operating profit was down $4.28million in the year ended September.
The company released its key financial results yesterday, which showed operating profit of $9.19million, down from $13.47million last year.
Turnover lifted slightly, from $1.45billion to $1.49billion, while reported profit was down from $6.21million to $4.62million. . . .
Alliance taps in to online traffic through Chinese partner – Tim Cronshaw:
The Alliance Group’s closer partnership with a big red meat player in China will position it better to take advantage of the quick uptake by Chinese internet users to online buying.
Online sales are huge in China with US$9.3 billion of transactions going through Chinese e-commerce company Alibaba.com on November 11 (11/11) last year . This is known as Singles’ Day when students graduate and has been popularised in the internet era. Much of the online retail went through Tmall.com, a platform for Chinese and international businesses to sell brand name goods to consumers in mainland China and owned by China’s richest man, business magnate Jack Ma.
Meat processor Alliance’s main sheepmeat buyer into China, Grand Farm, plans to step up online sales which will tie in with the companies’ joint strategy to increase their co-branding in the Chinese marketplace. . .
Farming in the land of the hobbit – Gerald Piddock:
The Alexander family had never heard of Peter Jackson when in 1998 he first knocked on the front door of their Matamata farm.
The movie maker had spotted their 560ha sheep and beef farm from the air and thought the site could make an ideal set for what was to be The Lord of the Rings movies.
Unfortunately, Jackson chose the wrong time to call in on Ian Alexander, his son Craig told a large crowd of international farming journalists in Waikato for the International Federation of Agricultural Journalists Congress in Hamilton. . .
Health Minister Jonathan Coleman and Communications Minister Amy Adams have announced that all rural public hospitals and integrated family health centres now have access to high speed broadband.
The 39 hospitals and integrated family health centres identified by DHBs as candidates for the Government’s Rural Broadband Initiative are now all able to connect to fibre capable of peak speeds of at least 100 Mbps.
“Faster broadband enables healthcare to be delivered in new and innovative ways. These e-Health solutions offer better, safer, more efficient healthcare closer to home,” says Dr Coleman. . .
Agricultural consultancy and rural investment management company Compass Agribusiness, has secured the title of New Zealand’s fastest growing agribusiness in the latest Deloitte Fast 50 Index.
The company, which has offices in both Arrowtown (New Zealand) and Melbourne (Australia), also placed 18th on the overall index ranking the 50 fastest growing businesses in New Zealand.
New Zealand based company director Guy Blundell says the ranking caps off a big year for the business. . .
Non seasonal dairy – Keith Woodford:
Recently, I have been writing about what we need to do in New Zealand to climb the agri-food value chain. I have been emphasising the importance of China – there really is no alternative – and the associated need for an integrated ‘NZ Inc’ approach to online selling direct to consumers.
The products we need to be selling through this dedicated and integrated ‘NZ Inc‘ portal (but also linked into the major Chinese online portals) include dairy, meat, wine, fruit, jams, biscuits, chocolate, and bottled water. Indeed almost anything else we manufacture for ourselves that has a shelf life of more than a few days, we can also manufacture for China. . .
The Commerce Commission has issued its final determination approving Cavalier Wool Holdings’ (Cavalier) application to acquire New Zealand Wool Services International’s (NZWSI) wool scouring business and assets.
Today’s decision follows on from the Commission’s draft determinations, released in March and October, which indicated it was likely to approve the application because of the public benefits of the acquisition.
Chair Dr Mark Berry said the Commission had considered and tested all the submissions and evidence presented to it since the application was lodged in October 2014 and was satisfied the acquisition should be permitted. . .
Despite all our accomplishments, we owe our existence to a six-inch layer of topsoil and the fact it rains.