Allied Farmers says first-half profit fell on decline in calf processing sales

Wed, 08 Feb 2017

By Rebecca Howard Feb. 9 (BusinessDesk) - Rural services firm Allied Farmers said profit fell in its first half because of a decline in calf processing sales. The Hawera-based company said profit was about $420,000 in the six months end Dec. 31, versus $610,000 in the same period a year earlier. According to the company, the livestock business typically has ongoing livestock sales which earn commissions with two significant seasonal impacts: calf processing sales in the spring which impact the first-half result and dairy herd sales in...

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