31 Aug 2012

Allied Farmers reports another full year loss

10:00 am on 31 August 2012

Troubled rural services firm Allied Farmers has reported another full year loss while it continues to feel the negative impact of the acquisition of failed finance company Hanover.

The listed company lost $13.9 million in the year to June.

Allied Farmers says $10.3 million of this is from further impairment of assets from Hanover.

The loss has narrowed compared to the previous year's $40.9 million loss.