Allied Farmers Limited reported unaudited consolidated earnings results for the six months ended December 31, 2015. For the period, the company's revenue was NZD 5,218,000 compared to NZD 4,583,000 a year ago. Total income was NZD 10,257,000 compared to NZD 10,189,000 a year ago.

Profit before income tax was NZD 821,000 compared to NZD 994,000 a year ago. Profit was NZD 615,000 compared to NZD 907,000 a year ago. This is a strong operating result, benefiting from the Livestock Division's trading performance improving by 65% compared to the same period last year, and does not have the benefit of the Corporate and Asset Management one-off gains that bolstered the group result for the corresponding six months period ended 31 December 2014.

Profit attributable to owners of the Parent was NZD 240,000 compared to NZD 708,000 a year ago. Diluted earnings per share attributable to the equity holders of the Parent Company was 0.17 cents compared to 0.65 cents a year ago. Net cash used in operating activities was NZD 122,000 compared to NZD 215,000 a year ago.

Purchase of property, plant and equipment and intangible assets was NZD 90,000 compared to NZD 263,000 a year ago.