Allied Farmers lifts half-year profit

Allied Farmers lifts half-year profit
(Image: NZME)
Staff reporters
Allied Farmers has posted a net profit before tax of just over $2 million for the six months to the end of December.The listed agri-investment company, which has a 67% stake in livestock brokers New Zealand Farmers Livestock (NZFL) and holds 50% of the management partnership behind listed NZ Rural Land Company, reported its half year results this morning, which saw its net-profit come in 46% higher than the previous comparable period.Allied Farmers put the higher results down to record contribution from Farmers Meat Export Limited – a sub...

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