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Peter Conley.
ANZCO Foods Ltd has reported a pre-tax profit of $1.8 million for the year ended December 31, 2017 — 90% lower than the previous year.
ANZCO reported $17m the year before.
“Revenue at $1.46 billion was consistent with the previous year. This result reflects a tough year in beef processing, which comprises about 60% of ANZCO Foods’ business,” said chief executive Peter Conley.
The privately owned Christchurch company’s assets include New Zealand’s only large-scale commercial feedlot, on the coast at Wakanui, near Ashburton.
The company says growth of the Wakanui brand supported its differentiated beef strategy in NZ, Asia and other markets, including the first shipments to China with the opening of that market for chilled NZ beef and lamb.
ANZCO Foods is now a 100% subsidiary of Itoham Yonekyu Holdings, a global top-10 meat company, following a shareholding change in 2017.
Canterbury farmer Andy Macfarlane has been appointed to the board of AgriZeroNZ, the public-private partnership designed to accelerate the development and deployment of emissions reduction tools for New Zealand farmers.
The New Zealand Food Network's (NZFN) fifth birthday celebrations have been boosted by a whopping five tonne meat donation from meat processor ANZCO.
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
Meat company ANZCO Foods scooped seven medals across three of its premium beef brands at the 2024 World Steak Challenge in Amsterdam.
The depopulation and repopulation of ANZCO Food’s Five Star Beef feedlot, as part of the M. bovis eradication programme, was a long and complex project, says ANZCO CEO Peter Conley.
A Palmerston North shearer has been sentenced to six months' community detention and 12 months' supervision after being found to have physically abused three lambs while shearing them.
Power Farming has launched a joint venture in Southland.
Food rescue charity Meet the Need has released its 2025/26 Impact Report, revealing a record year of growth alongside a stark warning: demand for food support across New Zealand is rising faster than supply can keep up.
As we move into the second half of 2026, the Tractor and Machinery Association (TAMA) reports that Year-to-Date figures ending June 30 saw new tractor deliveries hitting 1,386 units or 10.7% ahead of the same period in 2025.
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