Rubicon says FY earnings beat guidance as ArborGen moves out of R&D phase

Mon, 28 May 2018

By Rebecca Howard May 28 (BusinessDesk) - NZX-listed forestry investor Rubicon says it beat its target of doubling annual earnings as its ArborGen unit shifts into full commercialisation, posting a muddle of numbers including a new balance date and pared back business units. Auckland-based Rubicon aligned its balance date with its fully-owned subsidiary ArborGen, which sells and develops advanced genetic seedlings to improve forest productivity and is its only asset, to Sept. 30 from June 30 and today released first-half accounts. The f...

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