Rain, markets lift Ruralco profit to $12.4m, despite water business lag

Andrew Marshall
Updated May 16 2017 - 4:59pm, first published 9:30am
Strong seasonal conditions, high livestock prices and good real estate market activity have driven business growth for Ruralco’s farm services agency group
Strong seasonal conditions, high livestock prices and good real estate market activity have driven business growth for Ruralco’s farm services agency group

The Ruralco agribusiness network has posted a $12.4 million net profit after tax for the first half of 2016-17 –  up 15pc on the $11.5m reported result for same period to March 31 last year.

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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