Livestock Improvement lifts first-half earnings, forecasts return to full-year profit

Thu, 09 Feb 2017

By Tina Morrison Feb. 10 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, lifted first-half earnings as it focused on cost cutting, and forecast a return to profit for the full year. Net profit increased 21 percent to $19.3 million, or 65.3 cents per share, in the six months ended Nov. 30, 2016, from $15.9 million, or 53.8 cents, a year earlier, the Hamilton-based company said in a statement yesterday. It forecast a return to a "modest level of profitability" for the full year, after posting a $4 million l...

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