Ariston recap pays off

Ariston recap pays off
Published: 17 February 2014

Ariston Holdings says there has been significant uplift in output on all farms with a lot more potential going forward as the group’s rehabilitation programme begins to pay off.

Giving an update of operations at the group's annual general meeting on Friday, chief executive Paul Spear said there had been significant growth in operations since the recapitalisation in 2011.

Revenue since the $8 million injection had grown 16% to $17.1 million while there had been an increase in consumables and bearer biological assets to 1 088 percent at the end of its financial year in 2013.

Spear said the growth in revenue for the current financial year is expected to be much higher.
- herald
Tags: Ariston,

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