Blog Post

Ridley HY23 profits soften, earnings lift

Ridley’s biggest mill is located in Wellsford near Bendigo. Photo: Fairbrother

AUSTRALIA’S largest stockfeed miller Ridley Corporation has reported a net profit after tax of $21M for the half year ending 31 December 2022, a drop of 1.6pc or $1.6M on its HY22 result.

The company’s earnings before interest, tax, depreciation and amortisation grew by 12.8pc to $44.1M in HY23.

Ridley’s packaged feeds and ingredients segment, which includes bagged poultry, dairy, dog, horse and lifestyle-animal products as well as the aquafeed operations, showed the strongest results contributing an…

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