Allied Farmers first-half profit drops 71%; slower livestock sales expected to persist

Paul McBeth
Wed, 21 Feb 2018

By Paul McBeth Feb. 22 (BusinessDesk) - Allied Farmers posted a 71 percent drop in first-half profit and said slower livestock sales in the immediate wake of a dairy price recovery that contributed to the decline are likely to persist.  Net profit attributable to shareholders fell to $83,000, or 0.05 cents per share, in the six months ended Dec. 31, from $281,000, or 0.17 cents, a year earlier, the Hawera-based company said yesterday. Revenue rose 6.6 percent to $10 million while the addition of new livestock agents to expand that busines...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Election 2020
Jones' last precious PGF drops
Brent Melville | Fri, 25 Sep 2020

Reefton Distilling Co gets $1 million from the Provincial Growth Fund as minister Shane Jones squeezes the last few drops from the vehicle before the election. 

Listed Companies
Air NZ signals June 2021 capital raising
Victoria Young | Fri, 25 Sep 2020

Air NZ has already started drawing down from $900 million government loan facility.

Policy
Expensive solar solution to cut Parliament's emissions
Gavin Evans | Fri, 25 Sep 2020

Solar, LEDs at Parliament an expensive way to reduce emissions

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.