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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
4 mins to read

Loss deepens for T&G Global as it eyes recovery

The horticulture company was keen to convert increased demand into sales, ‘but the weather had other ideas,’ chair says.

Initial estimates suggest a strong Envy crop for T&G this harvest.

Kate McVicar Thu, 29 Feb 2024
Key points
  • Revenue: up $30 million to $1.33 billion.
  • Loss: A loss after tax of $45.6m. 
  • Key takeaway: T&G Global reported a tough 2023 fiscal year hindered by Cyclone Gabrielle, but executives hope a good season could see the horticulture company return to profitability. 

T&G Global (Turners and Growers) reported a challenged year, hindered by Cyclone Gabrielle and its fallout. However, with a positive season, executives hope the company could return to profitability within the new fiscal year.

T&G reported a small bump in revenue, while its net loss fell further.

The

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Kate McVicar Thu, 29 Feb 2024
Contact the Writer: kate@nbr.co.nz
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Key points
  • Revenue: up $30 million to $1.33 billion.
  • Loss: A loss after tax of $45.6m. 
  • Key takeaway: T&G Global reported a tough 2023 fiscal year hindered by Cyclone Gabrielle, but executives hope a good season could see the horticulture company return to profitability. 
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Loss deepens for T&G Global as it eyes recovery
Investment,
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