Established in 2013 with farmer capital, the Wools of New Zealand's maiden profit was on the back of a 16 per cent lift in wool sales, helping push revenues past NZ$30 million for the first time. This was despite factors such as the Brexit result, the high New Zealand dollar and reduced Chinese demand. Chairman Mark Shadbolt said the WNZ EU Ecolabel lambs wool contract was again a highlight of the year.

"Now in its fifth successful year our lambs wool offer remains as one of our flagship contracts, providing value and certainty for our shareholder growers and our customers," Mark Shadbolt said.

The EU Ecolabel helps European consumers identify products with a reduced environmental impact.

External Link