Ravensdown pays rebate, turns a corner on three tough years

The sheep and beef market helped Ravensdown’s turnaround. (Image: Ravensdown)Ravensdown has returned to paying a rebate, a sign its shareholders should have confidence in where the business has got to, its chief executive says.The farmer-owned fertiliser co-operative has turned a corner after three difficult years of marginal profits and losses, returning strongly to profitability and declaring its first rebate since 2022.The co-op reported a 20% rise in revenue to $917.2 million in the year to the end of May, with its volume sold increasing by 8% to more than 1 million tonnes.It recorded a net profit before t...