Livestock Improvement swings to a full year profit as bulls gain in value

Wed, 19 Jul 2017

By Rebecca Howard July 20 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, turned to an annual profit after its biological bull team was revalued sharply higher and it was upbeat about the current financial year. Net profit was $20.8 million in the 12 months ended May 31, compared to the prior year's loss of $4 million. This includes the annual revaluation post tax of the biological bull team of $17.7 million, compared to a write down of $3.7 million in the prior year. The valuation of the bull team is ba...

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