Ruralco warns of profit fall

Agribusiness expects full-year profit to fall sharply on lower livestock prices.

Agribusiness Ruralco Holdings (RHL) expects its reported annual profit to fall sharply as a result of lower livestock prices and lower sales of agricultural chemicals due to drought.

Ruralco expects its net profit for the year to September 30, 2013, will range from a breakeven result and a $1 million loss.

Ruralco reported a profit of $13.8 million in 2012.

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