Methven dairy farmer, Alister Body had been appointed the new Chairman of the Ashburton Trading Society.
The former Chairman of the Ruralco Joint Venture Board was appointed at Decembers Board Meeting and has been a Director of the co-operative since 2011. He replaces longstanding Director and Chair, Phil McKendry, who retired from the Board in November last year.Click here to continue reading.
From the Group CEO
Over recent months we have made reference to our plans to reposition the business to showcase Ruralco as our outwardfacing brand. As you will see from the changes to our publications, newsletters and emails, this roll-out has begun. Click here to read more.
ATS's long term strategy ensures positive future
The first full year’s trading of Ruralco as a wholly owned subsidiary of ATS has produced significant benefits for the co-operative and for members accessing the many discounted services and products through the expanding Ruralco Supplier network.
The Ashburton based farm supplies co-operative recorded increased Group revenue of $210m compared to $119m in the previous year and this was primarily due to the Ruralco card business being fully consolidated into the ATS Group for the whole year as opposed to only one month in the previous financial year. There was a gross profit of $8.8m for the year and EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) was $228k, compared to $6.8m and $495k respectively in the previous year. Group equity at the end of 2016 was $14.9m ($15.2m in 2015) and as in the previous financial year, there was no long term debt. Click here to read more.