Livestock Improvement Corporation (NZX: LIC) has released its full year financial results for the year ended 31 May 2022.
Revenue from continuing operations was $263.2 million, up 5.7%, with net profit after tax (NPAT) of $26.7 million, up 16.5% and underlying earnings of $25.7 million, up 15.3%.
Total assets stood at $385.6 million, up 1.2%.
The company declared a dividend of 18.43 cents per share, or $26.2 million.
R&D investment was 6.9% of revenue, at $18.2 million, up 6.2% from $17.1 million.
LIC expects underlying earnings* in 2022-23 to be in the range of $20-26 million.
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Shareholder enquiries: [email protected] or phone 0800 542 742; media enquiries: Aleisha Williams: [email protected] 0275711702.
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