Silver Fern Farms has solid jump in profit

High prices are masking the complexities of running a business (Image: Supplied)

Thu, 31 Mar 2022

Silver Fern Farms, jointly owned by Silver Fern Farms Co-operative and Shanghai Maling Aquarius, reported a 59% jump in annual net profit.Net profit in the 12 months to Dec 31, 2021 was $103.8 million, while revenue was $2.75 billion.The company will pay an imputed dividend of $46.7m versus $26.2m in the prior year.SFF chief executive Simon Limmer said high global protein prices are masking the complexities of running a business at the moment.“Demand and pricing for red meat across our key markets has been at historically strong levels bu...

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