LIC first-half net profit up 10.4%

Wed, 27 Jan 2021

Livestock Improvement Corp said first-half net profit rose 10 percent on strong sales of its premium artificial breeding options and animal health and diagnostics testing as farmers invest in optimising the value of their dairy herds.The farmer-owned and NZX-listed cooperative also raised its forecast for the full year, although it still expects it to be below the previous year's result.Net profit for the six months ended Nov. 30, 2020 rose to $33.4 million, up from $30.3 million in the same six months of 2019. The first-half results includ...

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