Blog Post

AA Co delivers record $49.9m operating profit for full year, as global food service recovery continues

AA Co managing director Hugh Killen

THE Australian Agricultural Co delivered an operating profit of just short of $50 million at its annual financial results release held this morning.

The $49.9 million result, for the year ended 31 March, is more than double the $24.4 million operating profit delivered the previous year – and represents the strongest net profit since the company publicly listed back in 2003. The result was attributed in part to improved margins on beef sales, aided by global recovery in the food service sector (hotels, restaurants, pubs, clubs and conferences)….

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