Allied Farmers Limited Analysis

Overview

Allied Farmers Limited and its subsidiaries NZ Farmers Livestock Ltd, Farmers Meat Export Ltd and NZ Farmers Livestock Finance Ltd are a rural services group, with its predominant activities comprising the sale of livestock agency services, the procurement and processing of calves, and the provision of livestock financing.

Performance

The following information was extracted from Allied Farmers Limited's half year report, released on 29 February 2024:

The Directors of Allied Farmers Limited (ALF.NZX) report an unaudited consolidated net profit before tax (NPBT) of $1.945 million for the six months ended 31 December 2023. This is slightly lower than NPBT of $2.129 million for the six months ended 31 December 2022.

Profit attributable to Allied Farmers’s shareholders reflecting its 67.7% ownership of NZFL and 100% of NZRLM

The HY24 after tax profit attributable to Allied Farmers’ shareholders was $1.423 million (HY23 $1.585 million). Earnings per share (EPS) for HY24 was $0.0494 (HY23 $0.055).