Dairy Farms NZ's profit rises, on-farm costs rise even more

Dairy Farms NZ's profit rises, on-farm costs rise even more
(Image: Unsplash)
Riley Kennedy
Despite a significant increase in on-farm costs, dairy farm investor Dairy Farms NZ (DFNZ) posted a $7.4 million net profit in the past year – an 80% increase on the year prior.Currently, DFNZ, which is 49.9% owned by US company EGI-NZ Dairy, owned seven dairy farms and leased one, targeting acquisitions in Canterbury, Otago and Southland. It had a peak milk herd of about 6,140.Its website said, as a matter of priority, DFNZ planned to list on the New Zealand stock exchange (NZX). However, to achieve that, the company needed a larger equi...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025