Thursday, 26 May 2022 10:55

ANZCO posts record profit

Written by  Staff Reporters
ANZCO Foods chief executive Peter Conley. ANZCO Foods chief executive Peter Conley.

Meat processor and exporter ANZCO Foods has joined other NZ agri-sector businesses and reported a record net profit of $75m for the 2021 year.

The company says it successfully navigated the challenges of the year - including ongoing impacts of labour shortages and supply chain disruptions - to post more than twice the profit of 2020 ($35.7m) on turnover of $1.64b.

"The successful 2021 result builds on the previous two years' results with a focus on core business activities and increased investment in business systems and data analysis to ensure good decision making," says chief executive Peter Conley.

"It is important to recognise the efforts of our people who have worked incredibly hard in challenging times to deliver a strong performance across the ANZCO Foods business."

Conley says the result also reflects the company's continued focus on consumer needs and customer relationships in key markets and being able to navigate supply chain pressures occurring as a result of Covid-19.

"In addition, ANZCO Foods' focus on revenue, yields, and value-add performance, has enabled the payment of consistently high farm-gate returns during the last three years," he adds.

Conley says the company has a clear strategy to derive more value from the livestock it processes.

"This priority continues to differentiate ANZCO Foods, with our manufacturing and healthcare operations contributing strongly to the increased revenue and net profit reported for 2021."

He says the recent acquisition of the global biotechnological business Moregate Biotech, complements ANZCO's existing business Bovogen Biologicals and builds the company's capacity in the healthcare industry.

"This capability will continue to deliver value-add opportunities for ANZCO Foods."

Conley adds that with the 2022 year well underway, demand remains strong for its products, but challenges remain.

"ANZCO Foods remains committed to doing all we can to help New Zealand's recovery from Covid-19 by continuing to deliver strong returns and ensure the red meat sector remains in good heart."

2021 At A Glance

  • Turnover - $1.6 billion
  • EBITDA - $100.9 million
  • Pre-tax profit - $75 million
  • NPAT - $54.3 million
  • Operating cash - $44.4 million

More like this

ANZCO makes a $30m profit

Meat company ANZCO Foods recorded its best-ever revenue of $1.7b and a net profit before tax of $30.6m for the year ended 31 December 2019.

No welfare issues for feedlot

Animal-rights organisation Save Animals from Exploitation (SAFE) are calling to ban intensive feedlots, which it termed “the Americanisation” of agriculture.


GE review must be broader

OPINION: The Government's proposed review of genetic engineering needs to be widened to address its potential benefits to the agriculture…

New meat Guy

Former Minister for Primary Industries Nathan Guy has been appointed the new chair of the Meat Industry Association.

Machinery & Products

Making life easier

Many temporary sheep fencing systems can be troublesome, with reels jamming or breaking and the bugbear of silly hooks on…

Valtra's following grows

With the release of its N5 and T5 series of tractors, Valtra continues to expand its presence in the Australia-New…

» The RNG Weather Report

» Latest Print Issues Online

The Hound

What's he hiding?

OPINION: A mate of the Hound's has pointed out a key fact missing from the letter to the editor, in…


OPINION: This old mutt is never surprised by the stupidity of local councils and their bylaws.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter