bullish

Tonkens Agrar - Value-added strategy drives H118 uplift

55 Views23 Apr 2018 22:23
Issuer-paid
SUMMARY

Management’s strategy of generating more profit from its crops by selling processed onions and potatoes, supported by higher farm gate milk prices and an exceptional profit on the sale-and-leaseback of land, delivered a three-fold increase in profit after tax during H117/18. Management has raised FY17/18 guidance and now expects a year-on-year increase in both revenues and profit after tax.

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  • Tonkens Agrar - Value-added strategy drives H118 uplift
    23 Apr 2018
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