ANZCO Foods CEO update - May 2023
Posted on Friday, 12 May 2023
ANZCO Foods lifts performance on value-add business growth
This week ANZCO Foods has announced its annual result for the 2022 calendar year with a turnover of $1.90b (2021 $1.64b), and net profit before tax of $147.7m (2021 $75.0m).
The result reflects our continued focus on core business activities, growing returns from strategic investments and the hard work and dedication of our people who have continued to deliver through challenging times.
Our core focus is on ensuring livestock is procured to meet customer expectations, and this has enabled us to capitalise on the strong demand globally for premium beef and lamb. Our attention to supporting key customer relationships and delivering improved revenue streams from our value-add business investments are also big contributors to the strong performance.
Our healthcare business was strengthened with the acquisition of Moregate Biotech which has complemented our existing work at Bovogen, and accelerated our capacity, expertise and customer set in the healthcare and bioscience sector.
As you will be no doubt be aware, 2023 is already proving challenging with adverse weather events, global volatility, and an uncertain economic outlook.
We remain committed to doing all we can to continue to deliver strong returns, ensure the industry remains stable, and contribute to a strong and vibrant agribusiness sector.
You can read our annual results media release here: ANZCO Foods lifts performance on value-add business growth | ANZCO Foods
ANZCO Foods Chief Executive