Landcorp Farming posts 1H operating loss; reiterates FY profit forecast

Tue, 14 Mar 2017

By Tina Morrison March 15 (BusinessDesk) - Landcorp Farming, the state-owned farmer, posted an operating loss in the first half of its financial year but said higher milk prices mean it expects to be back in the black for the full year. The Wellington-based state-owned enterprise posted an operating loss of $8.9 million in the six months ended Dec. 31, unchanged from the year earlier period, it said in a statement. Revenue was also little changed at $109.3 million from $108.8 million, it said. It won't pay an interim dividend to the Crown...

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