Stanley Vale Merino Stud - News & Views

Ridley profit lifts 20pc

ANIMAL nutrition company Ridley has recorded a 20 per cent lift in profits for the 2014-2015 fiscal year.

In its fiscal year results announced today, Ridley reports earnings before interest and tax (EBIT) of $35.2 million, an increase of $6.3m on the $28.9m for the previous fiscal year.

It recorded consolidated profit after tax of $21.2m, an increase of $3.6m on the previous year.

Within the consolidated result, the Ridley agribusiness recorded an EBIT of $50.4m, up $10.3m on the previous year's record of $40.1m.

Agribusiness sales revenue for the year of $909.8m was up $36.2m (4.1pc) on last year's $873.6m, and reflects 1.90 million tonnes of stockfeed sold.

More to come



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