Thursday, May 19, 2022

Record profit for Anzco Foods

Anzco Foods has navigated a challenging year to deliver a record net profit before tax of $75 million for the year ended December 2021.

The company booked turnover of $1.64 billion for the year, with an after-tax profit of $54.3m.

“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,” Anzco Foods chief executive Peter Conley says.

“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 Anzco Foods’ 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. 

“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.”

Peter Conley
Anzco Foods

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

Conley also highlighted progress made on Anzco’s climate change and sustainability programme, with two key projects in 2021 removing about 4200T of coal use and 8500T of carbon annually. 

“With the 2022 year well underway it is evident the strong demand for products is continuing but the challenges also 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,” Conley says.

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