RFM Poultry (NSX: RFP) delivers strong results in FY15

Rural Funds Management Limited (RFM), Responsible Entity for RFM Poultry (NSX: RFP) is pleased to announce the fund’s 2015 Annual Financial Results.

RFP 2015 highlights included:

  • Net profit after tax of $1.5m
  • Earnings per unit of 21.96 cents
  • Distributions of 10.05 cents per unit paid (14.36 cents franking inclusive)
  • Net assets $7.5m

Profit was higher than guidance provided in early FY15, mainly due to compensation for energy costs that were incurred in FY14 and received in FY15.

FY16 net profit after tax is forecast to return to more normal levels in the range $0.8m to $1.1m, with fully franked distributions of 10.05 cents maintained.

The Poultry farms operated by RFP in Griffith continued to meet RSPCA guidelines for the growing of poultry enabling the fund to maintain its position as a premium poultry grower.

Download the RFP FY15 Results presentation HERE.