Post by Kiwi Frontline on Dec 20, 2022 4:13:49 GMT 12
IWI RECEIVE DIVIDEND FOR THE 2021-2022 FINANCIAL YEAR - MOANA NEW ZEALAND
Moana New Zealand, Aotearoa’s largest Maori owned kaimoana company, has reported net profit after tax of $12.0 million for the 2022 financial year. Moana New Zealand’s own directly managed business delivered a result that is 25% above plan for FY22, a positive result in a challenging operating year, while its 50% share of Sealord earnings was down 64% on plan.
Operating earnings before tax and interest were up on plan by 22%, but down 18% on the prior year. While Covid19 continues to adversely affect businesses across Aotearoa, today’s economy and operating environment have additional challenges-inflation, supply chain pressures, and labour shortages combining to create a perfect storm.....
www.voxy.co.nz/national/5/411408
Moana New Zealand, Aotearoa’s largest Maori owned kaimoana company, has reported net profit after tax of $12.0 million for the 2022 financial year. Moana New Zealand’s own directly managed business delivered a result that is 25% above plan for FY22, a positive result in a challenging operating year, while its 50% share of Sealord earnings was down 64% on plan.
Operating earnings before tax and interest were up on plan by 22%, but down 18% on the prior year. While Covid19 continues to adversely affect businesses across Aotearoa, today’s economy and operating environment have additional challenges-inflation, supply chain pressures, and labour shortages combining to create a perfect storm.....
www.voxy.co.nz/national/5/411408