The Australian Agricultural Co has delivered one of its strongest financial results in recent memory during its 2023 financial year reporting this morning.
The company announced a 35 percent increase in operating profit to $67.4 million, while total revenue of $313.4 million was up 14pc on the previous year. 
Operating cash flow was down to $16 million, with increased outlay supporting the production of 19pc more beef, on a liveweight kg basis.
The financial result was driven by brand-supported beef price increases in all major export and domestic markets.
Editor’s note: More detail will…
