Primary Sector

Allied Farmers mulling full ownership of NZ Rural Land Management

Rebecca Howard
Mon, 28 Feb 2022

Allied Farmers mulling full ownership of NZ Rural Land Management
Allied Farmers beat its recent guidance. (Image: Unsplash)
Rebecca Howard
Mon, 28 Feb 2022
Investment company Allied Farmers beat its late January guidance and continues to mull its option to buy up the rest of NZ Rural Land Management. The company reported a net profit from continuing operations of $1.44 million for the six months to Dec 31, above the range of $1.2m to $1.4m it signalled on Jan 28.Net profit was $531,000 in the same period a year earlier. This higher result reflects the inclusion for the first time (for an interim period) of the NZ Rural Land Management contribution (NZRLM), it said. NZRLM manages New...

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