Profit up, dividend down for Silver Fern Farms
Silver Fern Farms Cooperative has reported a net profit before tax of $2.4m for the 2018 financial year.
According to the Hound’s recollection, Young first burst onto the scene as the leader of meat industry meat sector ginger group MIE and then got himself elected to the board of SFF as a representative of this group.
However, much to the disappointment and criticism of his former MIE mates, Young seemed to quickly become inculcated by the SFF board and towed the company line and not MIE’s.
Your old mate reckons there will be much gnashing of teeth about Young’s promotion by whatever is left of the MIE rabble.
