The Australian Agricultural Co’s half-year results released today showed an improved operating profit $38.3 million, up 28 percent from $30 million for the same half last year.
The result for the six months ended 30 September was driven by a 25.9pc improvement (20.1pc when currency is accounted for) in average meat sales price per kilogram, as a result of the company’s focus on its premium brands and strategic market allocation. Meat sales revenue rose by 19pc
to $122.3m in meat sales revenue on the prior period, despite lower volumes sold.
The strength of the company’s financial…
