Livestock Improvement releases half-year result

Wed, 25 Jan 2023

Livestock Improvement Corporation (LIC) has reported a half-year net profit after tax (NPAT) of $33.3 million, down 6.4% from the same period last year, but in line with market guidance. LIC is a farmer-owned co-operative specialising in pasture-based dairy genetics and herd management.The fall in profit was attributed to cost pressures, given revenue was up 4.6%.The co-op’s market guidance for the full year has been tightened, with underlying earnings now expected to be in the range of $21.5m to $25.5m (previously $20m-26m).The co-o...

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