The firm’s income rose from $18.6 million to $21.4m but its costs rose by about the same amount, from $16.2m to $19.2m.
It’s net profit after tax was $2m, down from $2.2m last year.
It will pay a two cents a share dividend on January 17.
Allied’s main investment, New Zealand Farmers Livestock, made a profit of $21.4m, up from $18.2m last year and improved its pre-tax profit from $2.6m to $2.8m.
Chairman Mark Benseman and directors Philip Luscombe and Ross Verry were re-elected at the annual meeting.
Richard Perry was also elected. He will work with management to assist with the firm’s innovation strategy, digital and systems strategy and finance company systems so the board has determined he is no longer an independent director.
Marise James was not up for re-election and remains an independent director.
Andrew McDouall retired as a director at the end of the meeting.
