Full Year Results 2023-24

FLLYR

Fri, Jul 19 2024 08:30 am

Full Year Results 2023-24

Livestock Improvement Corporation (NZX: LIC) is pleased to present its full year results for the year ended 31 May 2024.

Summary of financials*:
• Total Revenue: $267.3 million, down 3.3% from $276.5 million last year
• Net Profit After Tax (NPAT): $7.7 million, down 71.7% from $27.4 million last year
• Underlying Earnings: $13.9 million, down 41.6% from $23.7 million last year
• Dividend: $8.3 million – 5.84 cents per share, representing 60% of Underlying Earnings. This is in addition to the $18.5m Special Dividend paid earlier this year of 13 cents per share.
• Total assets: $358.6 million, down 6.2% from $382.3 million last year
• Strong balance sheet with no debt at year-end

* Please view downloads for more information

Contact:
Shareholder enquiries: [email protected] or phone 0800 542 742
Media enquiries: Steph Slattery (LIC Communications Manager): [email protected], phone 027 256 2057