$5.4m loss reported after site closure

$5.4m loss reported after site closure

Ravensdown says the closing of fertiliser manufacturing in Dunedin took a toll on its bottom line, but the benefits of reduced operating and capital maintenance costs would flow through in coming years. Photo: supplied Christchurch-based Ravensdown has reported a loss of $5.4 million after tax and one-off costs for the year ending May, with the costly closing of Dunedin fertiliser manufacturing among business challenges.