ANZCO loss at $26.5m – Alan WIlliams:
ANZCO Foods made a pre-tax loss of $25.6 million in the year ended September 30, 2012.
The year was the toughest the meat processor and marketer has had, managing director Mark Clarkson said.
ANZCO maintained its revenue at about $1.2 billion and importantly also achieved positive operating cash flow of $35.2m, after focusing strongly on managing working capital when it realised early in the year trading would be difficult.
The level of receivables and inventories were lower than at the end of the modestly profitable 2011 year, when the operating cash outflow was $22.4m. . .
Adveco see ‘huge potential’ in China – Sally Rae:
A shipment of fertiliser manufactured in Mosgiel from raw materials mined in Otago and recently dispatched to China has been hailed as having ”huge potential” for future export opportunities.
Mining company Featherston Resources Ltd, which has more than 3000sq km of permits in Otago, produces carbon and silica based fertilisers and Enzorb spill control products. . .
Clinton manager to represent Otago – Sally Rae:
Clinton herd manager Ben Sanders will be Otago’s sole representative at the New Zealand Dairy Industry Awards in Wellington next month.Mr Sanders (25) won the Otago dairy trainee of the year title at the Otago Dairy Industry Awards dinner in Balclutha on Saturday night.
A lack of entries in the regional competition forced a revamp of the contest format, and only the dairy trainee winner has progressed to the national final. . .
Methven farmers Craige and Roz Mackenzie have been recognised for their water efficient practices at the recent Canterbury Regional Ballance Farm Environment Awards.
The couple were presented on March 21 with the Environment Canterbury Water Efficiency Award by Environment Canterbury Chair Dame Margaret Bazley at an event in Christchurch.
The award recognised the couple’s excellent use of technology to ensure crops’ specific water requirements are met. . .
A national forestry initiative with roots in Marlborough has again been successful in its bid to the Sustainable Farming Fund.
The New Zealand Dryland Forests Initiative (NZDFI), which is establishing forests of genetically improved durable eucalypts in New Zealand’s driest regions, will get $216,000 of SFF funding towards a three year programme worth over half a million dollars.
Project manager Paul Millen said the “fantastic” news would see the five-year old initiative extended to new landowners and regions, with a focus on species specific management of the existing and new blocks. . .
Minister for Racing Nathan Guy is calling for nominations for independent Chair of the New Zealand Racing Board.
“This is an important position as the head of the governing body for racing in New Zealand,” says Mr Guy.
“The New Zealand Racing Board is responsible for the promotion, organisation and development of the racing industry, and also provides racing and sports betting services through the TAB. . .
And with a hat tip to Whaleoil: