Ruralco profit slips to $4.2m after restructure

Andrew Marshall
Updated November 15 2016 - 7:14pm, first published 9:55am
Managing director Travis Dillon says Ruralco is in a much healthier position to take advantage of changing market condition after spending $14 million on restructuring and divestment costs.
Managing director Travis Dillon says Ruralco is in a much healthier position to take advantage of changing market condition after spending $14 million on restructuring and divestment costs.

Restructuring within the Ruralco farm services company has eroded its 2015-16 after-tax profit to $4.2 million – down from last financial year’s $14.1m.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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