Dramatic year-on-year contrast, as processor NCMC delivers scant $1.57m profit

THE dramatically changed fortunes of the beef processing sector were in clear evidence this morning when producer-owned Northern Cooperative Meat Co released its annual results to shareholders. NCMC, which operates a large beef and smallstock processing plant near Casino, logged a $1.57 million profit before tax for the 2015-16 financial year, ended June 30. The result is in sharp contrast with back-to-back record profits of $26 million and $23 million over the previous two financial years (Click here to access Beef Central’s report from last year’s AGM). This year’s performance would have looked even worse, if it had not been…

Source: Beef Central
Dramatic year-on-year contrast, as processor NCMC delivers scant .57m profit