Pāmu lifts earnings guidance for June 2021 year

Wed, 07 Jul 2021

State-owned Landcorp Farming, which trades as Pāmu, is more upbeat about the June 2021 financial year earnings due to growth in the dairy business. It said earnings before interest, tax, depreciation and revaluations (ebitdar) were between $59 million and $64m in the 12 months ended June 30, versus its prior forecast of $45m and $50m, issued in February. that's still down from the $65m it reported in the 2020 year.The change to the ebitdar guidance largely reflects growth in the dairy business due to improvements in expected milk produ...

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