Ample Meats returns to profitability despite revenue drop
Chinese-owned Taranaki beef processor Ample Meats has returned to profit for the first time since 2022, though on significantly lower revenue.
Ample Meats, a Taranaki-based beef processor owned by a Chinese company, has returned to profitability in its latest financial year. This marks the first time the company has been in the black since at least 2022, the earliest year for which its accounts are available. The return to profit came despite a substantial slump in revenue.
Covered byBusinessDeskNot covered byRNZStuffNZ Herald1NewsNewstalk ZBOtago Daily TimesNewsroomThe Spinoffinterest.co.nz
Coverage across the news outlets we track, as at publication.
What outlets are saying
BusinessDesk
Ample Meats returns to profitability but revenue slumps
Ample Meats returned to profitability last year, albeit on drastically lower revenue. It is the first time the minnow Chinese-owned Taranaki beef processor has been in the black since 2022, the earliest year for which filed accounts are available.