Ruralco Holdings Limited
(ASX:RHL) says December quarter sales were strong, and underlying net profit was broadly inline with last year.
Managing director of the agribusiness and real estate firm, John Maher, told the company’s annual general meeting in Hobart yesterday that most business units generated good momentum into the 2012 fiscal year.
Mr Maher did say however that the full impact of flooding in northern NSW and southern Queensland isn’t yet known, but the yield on summer crops and short-term livestock yardings would be reduced.
Ruralco reported a profit of $20.8 million in the 2011 financial year.
