Ravensdown annual earnings jump 35%, says fertiliser demand has held up in dairy downturn

Tue, 02 Aug 2016

By Jonathan Underhill Aug. 3 (BusinessDesk) - Ravensdown Fertiliser Cooperative posted a 35 percent gain in full-year pretax earnings and said fertiliser demand has held up better than expected in the face of the dairy downturn as farmers favour grass growth over supplements. The farmer-owned cooperative reported earnings from continuing businesses before tax and rebates of $62 million in the year ended May 31, up from $46 million a year earlier. Sales fell to $660 million from $711 million a year earlier. Ravensdown's sales have been...

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