Profit falls at China-owned dairy firm
Shanghai Pengxin-controlled Milk NZ Holding sells more milk but costs rise.
Tim Hunter
Wed, 22 May 2019
Chinese-owned dairy farmer Milk New Zealand Holding has reported a profit of $4.2 million for the year to December, down a third on the previous year’s result.
Revenue from milk sales grew 27% to $31.9m but the cost of sales grew 83%.
Milk NZ Holding owned 16 farms totalling 7888ha in the
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Tim Hunter
Wed, 22 May 2019
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