Ruralco announces $4.2m net profit for FY 2016

Ruralco Holdings Limited has today reported a net profit after tax of $4.2 million for the 12 months to September 30, 2016. Down from $14.1 million in FY 2015, the result reflected $14m restructuring and divestment activities, Ruralco reported today. Overall revenue increased 10pc to $1.8 billion, and underlying gross profit increased 2pc to $304.9m. Ruralco said its core traditional businesses achieved strong performances with rural supplies gross profit up 16% to $118million and agency gross profit up 3% to $105 million. Ruralco’s chief executive officer and managing director, Travis Dillon, said recent restructuring activities and disciplined balance sheet management…

Source: Beef Central
Ruralco announces .2m net profit for FY 2016