Silver Fern Farms confirms positive financial result ahead of Chinese JV

Mon, 09 Nov 2015

By Fiona Rotherham Nov. 9 (BusinessDesk) - Silver Fern Farms, the countrys’ largest meat exporter, has confirmed a positive 2015 financial result and further debt reduction as it progresses its planned 50/50 joint venture with China’s Shanghai Maling Aquarius. The company achieved a 28 percent improvement in earnings before interest, taxation and amortisation to $86.9 million for the year ending September on revenue of $2.45 billion, building on the turnaround achieved in the 2014 financial year. Net profit after tax was $24.9 million, u...

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