A DROP in Australian cattle export volumes to a more-than 10 year low and climbing fuel prices were reflected in the financial results of publicly listed livestock shipping operator Wellard Limited reported to the ASX on Friday.
Wellard Limited announced an A$7.2 million loss for the half year ending 31 December 2022.
Wellard said its revenue levels held firm compared to the corresponding period the year earlier, when it reported a A$0.7m profit, but expenses increased with fuel prices driving the biggest cost-hike of A$5.8m.
Wellard Executive Chairman John Klepec said while it was…
