Mackay Sugar Ltd 2019 Annual Report
Company: Mackay Sugar Ltd
Sector: Manufacturing
Country: Australia
Year: 2019
Type: Annual Report
Pages: 78
The report describes a difficult financial year for the company, with the Group recording a $190.192 million loss and an underlying operating loss of $29.192 million. Following the reporting period, Nordzucker AG acquired a 70% controlling interest through a recapitalisation intended to support the business. Environmental performance remained a focus, with the YEM19 Environmental Index reaching 0.89 against a 0.80 target. The company reported 698 employees at 31 May 2019 and continued programs covering workforce safety, apprenticeships and employee wellbeing.
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