Silver Fern Farms lifts profit by 82%

Simon Limmer. (NZME)

Fri, 31 Mar 2023

One of the country's largest meat companies, Silver Fern Farms, has lifted its net profit after tax by 82% in the past 12 months. The Dunedin-headquartered meat company released its full-year results to Dec 31 2022, reporting a net profit after tax of $189.3 million, up from $103.8m the year before.Silver Fern Farms Co-operative, which jointly owns Silver Fern Farms with Chinese-owned Shanghai Maling Aquarius, also increased its after-tax profit to $94.1m, up from $51.5m in 2021.Silver Fern Farms’s revenue was $3.27b, up from $2....

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