Pāmu lifts full year forecast

Mon, 21 Feb 2022

Landcorp Farming, which trades as Pāmu, said earnings improved in the first half and it lifted its full-year forecast, largely on strong milk prices. Earnings before interest, tax, depreciation, amortisation and revaluations (ebitdar), its preferred financial measure, were $16 million in the six months to Dec 31, compared to $14m a year earlier. “Covid has continued to disrupt our people, which on top of ongoing labour shortages, extreme weather events on the West Coast and in the Manawatu and logistics, processing and availabil...

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