Rural Funds Group (ASX:RFF) see rise in profit after acquisitions
Rural Funds Management as responsible entity of the Rural Funds Group (ASX:RFF), have today released Financial Statements for the half year ended 31 December 2019 showing a property revenue increase of 22 per cent to $37.6 million.
Profit after tax rose 37 per cent to $29.1 million from $21,1 million on the prior corresponding period.
The increase comes after a number of acquisitions, particularly the JBS transactions. The feedlot acquisitions and J&F limited Guarantee income and cattle acquisitions.
Shares in Rural Funds Group (ASX:RFF) are trading 4.4 per cent lower at $1.84.
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Source: Finance News Network
