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Open Country Dairy profit swells despite extraordinary 2020 year
3 Feb, 2021 04:28 AM
3 minutes to read
Open Country chairman Laurie Margrain. Photo / Alan Gibson
The country s second biggest dairy processor Open Country in usual mode is dialling down the fuss despite reporting a 115 per cent increase in profit for the September 2020 financial year. After tax profit for the year was $67.65 million, up from $31.41m the previous year.
Revenue for the Auckland-based, Talley family majority-owned dairy company was $1.6 billion, up from $1.4b the previous year.
Chairman Laurie Margrain told the Herald the result was satisfactory . We have navigated well an extraordinary year for trade. But there s no room for complacency, he said.