Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
Alliance Group Limited (NZX: AGR), a farmer-owned meat processor, reported a NZ$95.8 million after-tax loss for the year ending September 30, a deeper decline compared to last year's NZ$70.2 million loss. Revenue fell to NZ$1.8 billion from NZ$2 billion in 2023. The loss includes NZ$48.2 million in one-off costs associated with business restructuring, plant closures, and redundancies. Despite the challenging year, the company remains optimistic about returning to profitability in the coming fiscal year, citing ongoing strategic improvements and operational adjustments.
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