[3 September/The Country]

Landcorp would pay a $5 million dividend to the Government, being its first in four years. It had an after tax profit of $34.2 million, which was a 34 percent fall on the previous year. Revenue had grown 7 percent and included a 15 percent increase in livestock revenue. Pamu Chief Executive, Steven Carden, said the result was helped by an upswing in prices for core dairy and livestock businesses, and the continued delivery of Pamu’s strategy to move to products that attracted a premium. The focus into the future would be improving the resilience and performance of its core business, ongoing expansion of its forestry portfolio, and development of partnership opportunities. It expected its focus on alternative dairy foods would become a greater contributor to its business over time. Pamu have also recently launched its Pamu deer milk.