Ravensdown returns to profit and announces shareholder rebate
Farmer-owned fertiliser co-operative Ravensdown swung back to profit and is paying shareholders a rebate as prices spike.
Ravensdown has returned to profit after posting a $5.4 million loss the previous year, with the farmer-owned co-operative now delivering a shareholder rebate. The improved result comes as sheep and beef farmers increased their fertiliser purchases. The co-operative has warned that prices are likely to rise further as ongoing conflict in the Persian Gulf affects supply.
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RNZ
Ravensdown's return to profit prompts shareholder rebate as fertiliser prices spike on-farm
The farmer-owned co-operative is paying a rebate this year, and warns prices will likely increase further as the Persian Gulf war drags on.
Otago Daily Times
Ravensdown flips $5.4m loss into $30m profit as sheep and beef farmers buy more fertiliser
NZ Herald
Ravensdown’s return to profit prompts shareholder rebate as fertiliser prices spike on-farm
The fertiliser co-op returned to profit after a $5.4m loss last year.