Ruralco profits jump 30pc to $16m as water helps business outlook

Andrew Marshall
Updated May 15 2018 - 4:47pm, first published 3:30pm
Water services contributed almost $35 million to Ruralco's gross profit, or 21 per cent.
Water services contributed almost $35 million to Ruralco's gross profit, or 21 per cent.

Ruralco’s expanding water business is on track to generate about a quarter of the farm services company’s gross profit this financial year as dry seasonal conditions bite harder across much of the farm sector.

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).

Get the latest Farmonline news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.