Ruralco Holdings: seasonal conditions boost NPAT & EBITDA

Company News

by Jessica Amir

Ruralco Holdings Limited (ASX:RHL) has announced its net profit after tax rose 15% to $12.4 million for the half year ending 31 March 2017.

The agribusinesses reported growth in rural supplies and agency sales from strong seasonal conditions, which boosted its sales revenue by 4% to $841.4 million for the six months to 31 March 2017.

Ruralco Holdings also saw a strong improvement in its operational leverage which boosted its underlying EBITDA by 23% from the prior corresponding period.

The company also reported a turnaround in its live export business, following a successful restructure.

It reported an interim dividend of 9 cents fully franked.

Shares in Ruralco Holdings Limited (ASX:RHL) are currently trading 0.33% higher to $3.05.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.