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Primary Sector

Sexed semen proving popular for LIC

Rebecca Howard
Thu, 22 Jul 2021

LIC will pay $17.8 million in dividends to shareholders, or 12.51 cents per share (Image: Supplied)
Rebecca Howard
Thu, 22 Jul 2021
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Livestock Improvement Corp lifted full-year revenue and profit as farmers increasingly turn to high-value genetics, including sexed semen. The cooperative’s net profit was $22.9 million in the year ended May 31, up 31% compared to the prior year. Total revenue from continuing operations was $249m, up 3.4%.Underlying earnings were $22.3m, down 1.9% from $22.7m in the previous year, which was boosted by a one-off tax benefit.LIC will pay $17.8m in dividends to shareholders, which equates to 12.51 cents per share.Premium genetics range&...

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