Alliance Group is on track to return to profitability, after reporting two losses in a row

The red meat processor has had a tough 12 months of cost-cutting measures - including the closure of it's Smithfield plant in Timaru - restructuring and bank negotiations.

Business Desk is now reporting it's in a better position, and on track to return to profitability for the current financial year ending September, helped, in part, by improved market conditions and the plant closure.