Allied Farmers Limited has announced it is forecasting a net profit before tax (NPBT) for the interim period ending 31 December 2021 (HY22) in a range of $1.0m to $1.2m, a significant increase from the prior interim period (HY21) of $0.546 NPBT.
The result is driven by an improvement in veal processing returns and contributions from NZ Rural Land Management Limited Partnership.
The returns from veal processing operations, as well as livestock trading and herd sale activity, will continue to be the major influences on Allied Farmers half year performance.
It is not possible to forecast full year profits based on first half performance at this stage of the financial year.
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