Westland Milk reviews capital structure as profit soars on cheap milk, value-add sales

Thu, 22 Oct 2015

By Fiona Rotherham Oct. 23 (BusinessDesk) - Westland Milk Products, New Zealand’s second biggest dairy cooperative, is reviewing its capital structure to ensure it has the “flexibility required to maximise market opportunities” after profit soared on cheaper milk prices and increased sales of its value-add products. Net profit attributable to members jumped to $19.4 million in the 12 months ended July 31 from $503,000 a year earlier, in what the Hokitika-based milk processor described as a difficult season with the fall in global milk pri...

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