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.
23 Apr 2018
Value-added strategy drives H118 uplift
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Value-added strategy drives H118 uplift
Tonkens Agrar AG (GTK:ETR) | 0 0 0.0% | Mkt Cap: 7.70m
- Published:
23 Apr 2018 -
Author:
Anne Margaret Crow -
Pages:
3
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.