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.
Girls' Night a big hit in small town
The inaugural ATS/Ruralco Girls’ Night Out in Methven has been hailed a great success by organisers with similar events likely to follow.
Hosted at the ATS Methven Store, local suppliers showcased their wares while the 90 women in attendance were treated to nibbles thanks to the Somerset Grocer, and were entertained by Christchurch based, New Zealand celebrity food guru, Jax Hamilton. Click here to read more...
From the Group CEO
We thoroughly enjoyed catching up with everyone at the recent Spring A&P Shows at Ellesmere, Amberley and Ashburton. These shows are always a great opportunity to meet and greet at a time of year when everyone is enjoying the warmer weather and the spring growth after a long winter.
Spring is always a time of optimism and positivity and with the recent improvements in the forecast dairy pay-out, the quiet confidence being shown in the agricultural industry looks set to continue for a little while longer. Other sectors will be looking for similar positivity although it is a little too early to predict where lamb and stock prices will sit after Christmas. Click here to continue reading.
Roadworks outside ATS Ashburton
The Ashburton District Council have engaged contractors to complete a water renewals contract on Burnett Street, Ashburton between Monday 7 November and Tuesday 20 December. While they complete this work, access for parking outside the ATS Ashburton shop will be restricted. With this in mind, could we ask you to please use our large car park off Havelock Street. Click here to read more news...