Alliance Group’s annual result includes a $19.9million provision for back-paying employees for the time spent putting on and removing work-related protective gear and clothing. In a statement announcing the annual result yesterday, Alliance Group said a proposal to resolve those claims was subject to ratification by the New Zealand Meat Workers Union. Alliance Group announced underlying profit of $27.4million for the year ended September 30 — up from $20.7 million last year — but when adjusted for one-off events [donning and doffing], that brought it down to $7.5million before tax. “Alliance Group displayed agility and diverted product to other markets and changed product forms for the different channels as the global pandemic gathered pace. Alliance Group’s market share for ovine, bovine and cervine had grown over the past year and its beef performance was particularly satisfying.

Source: Otago Daily Times November 19, 2020 15:33 UTC