Silver Fern Farms confirms positive financial result ahead of Chinese JV

Silver Fern Farms confirms positive financial result ahead of Chinese JV
Fiona Rotherham
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...