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Alliance Group posts 'disappointing' financial loss amid global challenges

Author
Newstalk ZB,
Publish Date
Thu, 16 Nov 2023, 2:14pm

Alliance Group posts 'disappointing' financial loss amid global challenges

Author
Newstalk ZB,
Publish Date
Thu, 16 Nov 2023, 2:14pm

Alliance Group this week announced a “disappointing” after-tax loss in the last financial year.

The co-operative lost over $70 million for the year ending 30 September 2023- on a turnover of $2 billion.

Chief executive Willie Wiese joined The Country to weigh in on the tough circumstances behind this loss, as well as discuss a 'flawed' procurement model and terms of trade for paying suppliers.

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