Today’s solid H1FY17 results are encouraging as they delivered a profit compared to the more historical pattern of first half losses. Whilst the Headline PBT (for continuing operations) of £1.9m was down from H1FY16’s unusually strong £6.8m, we nevertheless think H1FY17’s profitable performance demonstrates (again) the merit of management’s strategy to measuredly reorient focus and resources towards its Agriculture division and address the performance of it
