M.I.A.
OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released by the Treasury.
The coronavirus outbreak contributed to Synlait’s decision to issue a wider earnings guidance range.
The Canterbury-based milk processor now expects a net profit after tax (NPAT) of between $70 million and $85 million, compared with $82.2 million for 2019.
The company says the outbreak has had no material short-term impact on its financial performance, but it represents some risk going forward so was considered as part of the broader outlook update.
The company says it takes the health and wellbeing of its employees and its food safety responsibilities very seriously.
“The spread of Coronavirus and the risk it poses to Synlait’s business is being carefully monitored. Globally there is uncertainty about Coronavirus’ impact on supply chains and consumer demand.”
Synlait chief executive Leon Clement said Synlait is an export-based business with a reputation built and maintained on putting people, food safety and quality at its heart.
“This will continue to inform our response to this situation. We are not currently experiencing any supply chain disruption; however, we are monitoring the situation very closely and felt it prudent to front foot potential impacts.”
Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.
A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.
Alliance has announced a series of capital raise roadshow event, starting on 29 September in Tuatapere, Southland.
OPINION: Everyone wants to go to heaven, but nobody wants to die.
State farmer Pāmu (Landcorp) has announced a new equity partnership in an effort to support pathways to farm ownership for livestock farm operators.
Following a recent overweight incursion that saw a Mid-Canterbury contractor cop a $12,150 fine, the rural contracting industry is calling time on what they consider to be outdated and unworkable regulations regarding weight and dimensions that they say are impeding their businesses.
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