Pāmu reports $3m half-year profit, blaming weak milk, lamb prices

Pāmu reports $3m half-year profit, blaming weak milk, lamb prices
Pāmu chief executive Mark Leslie. (Image: Pāmu)
Riley Kennedy
The country’s state-owned farmer has managed to eke out a profit in the first half of the financial year, with commodity prices and weather squeezing its bottom line.Landcorp Farming, which trades as Pāmu, produced a net operating profit of $3 million for the six months to the end of December, down from the $15m it reported in the same period the year before.During the first half of its year, dairy and lamb prices were, and continue to be, under significant pressure, and it had to deal with the clean-up of last year’s cycl...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024