Allied Farmers shares jump 16% on earnings upgrade

Paul McBeth
Wed, 27 Jul 2016

By Paul McBeth July 27 (BusinessDesk) - Allied Farmers shares jumped 16 percent after the rural services firm gave a rosier view on annual earnings due to a better than expected performance from its livestock division.  The Hawera-based company said pre-tax profit was between $1.4 million and $1.6 million in the year ended June 30, up from $1.11 million a year earlier. The final result will be released on by Aug. 29. The shares climbed 0.7 of a cent to 5 cents, valuing the company at $8.3 million.  "A large portion of NZ Farmers Livest...

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