Business
AACo posts a profit after a tough year, but shareholders won’t see a dividend – ABC News
Australia’s biggest beef producer has posted an operating profit of $24.4 million – or $17.7m, excluding JobKeeper – but there won’t be a dividend for shareholders….
Australia’s biggest beef producer has posted an operating profit of $24.4 million or $17.7m, excluding JobKeeper for the 2020/2021 financial year.
Key points:
- AACo’s operating profit is up $9.2m on last year
- As the herd rebuilds after floods and drought, calving rates are up by 47 per cent
- The value of the company’s property portfolio is also up, from $810m to $915m
The ASX-listed Australian Agricultural Company (AACo) is crediting record-high cattle prices and an improvement in the value of the branded…
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