Don't hold back!
OPINION: ACT MP Mark Cameron isn’t everyone’s cup of tea, but he certainly calls it how he sees it, holding nothing back when ‘climate scientists’ had a crack at Kiwi farmers recently:
O’Connor claimed it would be end of the world and West Coast dairy farmers would be the losers.
However, it seems – like his election result last October – the only loser in this case is O’Connor.
The company recently notched up its second impressive annual result in a row, with a 43.7% lift in net profit to $55.9 million in 2023.
It was also above 2022’s $38.9m record-breaking result and a $120m rebound from 2021.
Since Yili bought the once troubled company in 2019, former shareholder farmers have not only had record profits but also received a cash payment of $3.41 a share and a 10-year guaranteed competitive milk payout.
