Allied Farmers anticipates rebound in dairy herd sales will bolster annual earnings

Sun, 26 Feb 2017

By Paul McBeth Feb. 27 (BusinessDesk) - Allied Farmers expects a recovery in dairy herd sales will bolster the rural services firm's annual earnings while announcing a smaller decline in first-half profit than flagged earlier this month. The Hawera-based company said net profit fell to $476,000 in the six months ended Dec. 31 from $615,000 a year earlier, slightly ahead of the $420,000 forecast it provided on Feb. 9. Profit attributable to shareholders rose to $281,000, or 0.17 cents per share, from $240,000, or 0.17 cents, a year earlie...

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