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I noticed:Forestry is still costing them money. Gah.Rural...

  1. 300 Posts.
    I noticed:

    Forestry is still costing them money. Gah.
    Rural services is making a little money, but it's on a lot of capital. ROCE is underwhelming.
    Rural services volumes are down, but prices are high to disguise this. Sheep particularly so. Livestock export has almost halved?!

    All up, I think that they're getting back to profitability, albeit slowly. Unfortunately, the industry that they're in doesn't seem particularly profitable, and their execution isn't as outstanding as, say, Monadelphous, to compensate.
 
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