Strong end to year for Mad Butcher group

The Mad Butcher reported slower than expected sales "over an unseasonal summer period" and faced stronger competition from supermarkets. But that was offset by a boost from the joint-venture interest in Kiwi Pacific Foods.

Veritas bought the Mad Butcher in May last year and a half share of Kiwi Pacific Foods in December last year.

"We were particularly pleased with the last quarter's results from the Mad Butcher business following a difficult summer trading period," Mad Butcher chief executive Michael Morton said.