More farmers are opting for premium bull teams, says LIC

Livestock Improvement Corp has boosted profit and revenue in its full-year results. (Image: LIC)

Thu, 20 Jul 2023

Livestock Improvement Corporation increased its net profit by 2.4% in the 12 months to May 31 to $27.4 million.The dairy genetics co-operative also had an increase in total revenue, up 5.1% to $276.5m over the same period. However, it did record a slip in underlying earnings, down 7.6% to $23.7m.It will pay a dividend of 16.88 cents per share in August.Outgoing chair Murray King, who steps down in October, said the co-op had delivered a solid financial performance considering the financial conditions.“It enables LIC to deliver a soli...

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