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Rural Funds Group Provides FY 2020 Results Presentation

25 Aug 2020  |  10:07:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Presentation - FY20 Financial Results

Rural Funds Group provided financial results presentation for the year ended 30 June 2020. It reported sale of poultry assets for $74.7m and unencumbered ground water entitlement for $6.7m. Property revenue increased 8% primarily due to the JBS Australia transactions, cattle property acquisitions, development capital expenditure and lease indexation. The Gearing is of 30% at lower end of 30-35% target range. Contracts have been exchanged for the sale of Mooral for $98.0m.

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