SUNRICE has recorded an increase on its consolidated revenue in the past 12 months with consolidated revenue for the group at $1.3 billion, a 1.9 per cent increase compared to 2014-15.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
SunRice chief executive officer Rob Gordon said the result was driven by continuing sales into premium branded markets as well as strong growth from international rice and rice food segments.
Net profit after tax was $52 million, a 5.8 per cent increase compared to the previous year, with a strong operational performance partly offset by exchange rate movements.
The company also outlined the proposed capital restructure, which had stalled for some time.
The full results will be presented by the company at the Ricegrowers Limited annual general meeting on August 25 at the Jerilderie Civic Hall at 10.30am.
