Bank's desire to be part of the solution
ASB says the decision to sign on to the AgriZeroNZ joint venture came out of a wish to be a part of the solution.
Milk company A2 has announced a net profit of $386 million, a 34% increase over the previous financial year.
The maker of A2 milk products says it has made significant gains in revenue and earnings, with strong performances in all key product segments, and across all core markets.
Total revenue for year ending June 2020 was $1.7 billion, a 33% increase over the previous year. The company’s flagship A2 infant formula nutrition products contributed $1.4b.
Unlike many companies that were impacted by COVID-19 disruptions, A2 says its performance was robust throughout the year.
“We demonstrated significant resilience in the second half, managing the business in the face of the Covid-19 global pandemic,” it says.
“We estimate that COVID-19 had a modest positive impact on revenue and earnings for the year.”
The company says revenues in the third quarter, as Covid-19 was setting in, was well above expectations due to the impact of changes in consumer purchase behaviour.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.