A new 3.3 million cubic metre reservoir south of Dargaville is set to shift land into higher-value horticulture and firm up local water security.
The fund has invested in four SMEs to date, and more opportunity awaits, it says.
Net profit recovered from last year's big IT writedown.
Dairy exports surged in July but oil prices boosted imports even higher.
But possible industrial action law changes could slow growth.
Selldown rumours dismissed.
UPDATE: Chairman reveals CEO candidates reluctant to move to Auckland.
The positive effects of the second quarter reporting season are wearing off.
The third of a three-part series on CBL's rise and fall.
Ebos says it wants to keep net debt at conservative levels