Allied Farmers mulling full ownership of NZ Rural Land Management

Allied Farmers beat its recent guidance. (Image: Unsplash)

Mon, 28 Feb 2022

Investment company Allied Farmers beat its late January guidance and continues to mull its option to buy up the rest of NZ Rural Land Management. The company reported a net profit from continuing operations of $1.44 million for the six months to Dec 31, above the range of $1.2m to $1.4m it signalled on Jan 28.Net profit was $531,000 in the same period a year earlier. This higher result reflects the inclusion for the first time (for an interim period) of the NZ Rural Land Management contribution (NZRLM), it said. NZRLM manages New...

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