Pāmu posts $113m operating profit, hitting $100m goal four years early
The state-owned farming company Pāmu has reached its $100 million net operating profit target ahead of schedule, driven by strong commodity prices and improved productivity.
Pāmu has reported a net operating profit of $113 million for the 12 months to June, achieving its $100 million goal four years ahead of plan. The result reflects strong commodity prices and gains in on-farm productivity. The company's chief executive says the early success does not indicate overly conservative forecasting, and that productivity improvements should help buffer the business against potential future commodity downturns.
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BusinessDesk
Pāmu posts $113m operating profit, hitting goal four years early
Pāmu has cracked its goal of $100m net operating profit four years early as it continues to benefit from strong commodity prices and improved on-farm productivity. The country’s state-owned farmer reported a net operating profi t – its preferred measure…
BusinessDesk
Productivity helped Pāmu bring home a bumper profit, CEO says
Pāmu may have hit its operating profit target four years early, but Mark Leslie says that doesn’t mean the forecasts were too conservative. And he insists on-farm productivity gains would help buffer it from any future commodity downturn.