Livestock Improvement more than doubles FY net profit

Wed, 24 Jul 2019

By Rebecca Howard July 24 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, more than doubled its full-year net profit and said it expects another strong result in the current year. Net profit jumped to $22.2 million in the year ended May 31, from $9.3 million in the prior year. Underlying earnings rose to $19.5 million from $3 million and revenue was up 4 percent at $246.5 million. The company plans to return $15.6 million in dividends to shareholders. The fully-imputed dividend equates to 10.98 cents p...

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