Allied Farmers Limited has reported an audited net profit before tax for the year to 30 June 2022 of $3.556 million, a +42% increase from the previous year.
The result was driven by a full year contribution from NZ Rural Land Management (NZRLM), which delivered earnings of $1.624 million, and a vastly improved contribution by New Zealand Farmers Livestock Limited's (NZFL) veal processing business, partially offset by a lower contribution from its livestock agency business.
The Directors will update shareholders at the Annual Meeting in November as to whether a dividend (or other forms of capital return) will be paid.
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