7 Aug 2014

Ravensdown boosts pre-tax profit

7:00 am on 7 August 2014

Ravensdown fertiliser co-operative has reported a significant lift in its financial performance.

It's had record operating cashflows of $185 million for the past year, and the lowest debt levels for a decade, reducing net debt by $200 million to $49 million.

The co-operative increased profit before tax and farmer rebates from $28 million to $73 million.

Ravensdown profit jumps in the land of the long white cloud.

Ravensdown profit jumps in the land of the long white cloud. Photo: PHOTO NZ