Post by Kiwi Frontline on Nov 23, 2019 3:34:04 GMT 12
NGĀI TAHU'S INVESTMENTS INTO HONEY BUSINESS QUESTIONED AT AT HUI-Ā-IWI 2019
About 1000 Ngāi Tahu members were welcomed during a powhiri in Invercargill on Friday as the Iwi hosts its biennial hui in the city.
At the forum, Ngāi Tahu's investments into the honey business was questioned.
Ngāi Tahu Holding's owned Oha Honey LP reported a net deficit of $62.4 million this year.
Overall Ngāi Tahu Holding recorded a $37.5 million net profit for the year, which was below expectations as it had recorded $153.7 net profit the previous year.
The only other business to record a deficit was Ngāi Tahu Farming, which recorded a net deficit of $10.3 million......
www.stuff.co.nz/business/117651441/ngi-tahus-investments-into-honey-business-questioned-at-at-huiiwi-2019
About 1000 Ngāi Tahu members were welcomed during a powhiri in Invercargill on Friday as the Iwi hosts its biennial hui in the city.
At the forum, Ngāi Tahu's investments into the honey business was questioned.
Ngāi Tahu Holding's owned Oha Honey LP reported a net deficit of $62.4 million this year.
Overall Ngāi Tahu Holding recorded a $37.5 million net profit for the year, which was below expectations as it had recorded $153.7 net profit the previous year.
The only other business to record a deficit was Ngāi Tahu Farming, which recorded a net deficit of $10.3 million......
www.stuff.co.nz/business/117651441/ngi-tahus-investments-into-honey-business-questioned-at-at-huiiwi-2019