ProTen lifts annual earnings 31% ahead of A$211M takeover vote

Sun, 09 Sep 2018

By Tina Morrison Sept. 10 (BusinessDesk) - ProTen, Australia’s largest independent contract grower of broiler chickens for meat, increased annual earnings 31 percent ahead of next month's vote on a A$211 million takeover offer. The Sydney-based company lifted normalised earnings before interest, tax, depreciation and amortisation to A$25.5 million in the year to June 30, from A$19.4 million a year earlier, it said in a statement. Its shares last traded at $1.60 on New Zealand's USX market, lagging behind the A$1.65 a share takeover offer...

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