Ruralco full-year profit halves

Agribusiness says normalisation of seasonal conditions will aid profitability.

Ruralco Holdings (RHL) says its is well placed to return to the profitability of previous years as seasonal conditions normalise, following a halving of its full-year profit in fiscal 2013.

In the year to September 30, Ruralco posted a net profit of $5.74 million, a 59 per cent decrease on the $13.85 million in the previous corresponding period.

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