Tatua gears up for looming infrastructure investment as revenue, earnings hit record

Tue, 01 Oct 2019

By Paul McBeth Oct. 1 (BusinessDesk) - Tatua Cooperative Dairy notched up record revenue and earnings in the latest season, although it will hold on to a greater share of that income to pay for infrastructure upgrades. Earnings before tax and retentions climbed to $140 million in the 12 months ended July 31 from $127 million a year earlier, while revenue nudged up 2 percent to $364 million. That was from a smaller volume of milk solids processed at 14.5 million kilograms, down from 14.7 million kg a year earlier. Tatua's board confir...

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