LIC more than doubles 1H net profit as artificial breeding gains traction

Thu, 07 Feb 2019

By Rebecca Howard Feb. 8 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, more than doubled its first half net profit as an emerging "no bull trend" gains traction and more farmers turn to artificial breeding to develop A2 herds and avoid exposing their herds to Mycoplasma bovis. Net profit for the six months to Nov. 30 was $32.8 million versus $15.1 million in the prior year. Revenue lifted 5 percent to $161 million while its assets, which include its bull teams, were valued at $409 million, up from $371...

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