Ruralco Holdings Limited (Ruralco) announced earnings guidance for year 2013. The company, at its AGM on 6 February 2013, announced that poor industry-wide market conditions experienced in the first four months of 2013 financial year has led to a deterioration in earnings compared to the same period last year. Underlying EBIT (earnings before interest and tax), before non-recurring items, is expected to be approximately 40% to 50% lower than the previous corresponding period of AUD 22.9 million.

Underlying NPAT (net profit after tax), before non-recurring items, is expected to be approximately 60%-70% lower than the previous corresponding period of AUD 11 million. Reported net profit after tax (NPAT) for the half year ended 31 March 2013 is anticipated to be a break-even result compared to AUD 10 million for the prior corresponding period.