RESEND: LIC lifts first-half profit 10% on demand for dairy breeding technology

Wed, 11 Feb 2015

Feb. 12 (BusinessDesk) - Livestock Improvement Corp, a farmer cooperative that sells bull semen and provides a dairy genetics database, posted a 10 percent gain in first-half profit on increased demand for its products and services. Profit rose to $29.7 million in the six months ended Nov. 30, from $26.9 million a year earlier, the Hamilton-based company said in a statement. Sales climbed 18 percent to $159 million. A record payout to farmers in the 2013/14 season prompted farmers to invest more in their herds as well as paying down debt....

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