Despite challenging conditions for the Australian livestock export trade in the second half of last year, publicly listed livestock shipping business Wellard Limited registered a small net profit for the period.
In its first half FY2024 results released to the ASX on Friday, Wellard Limited posted a Net Profit After Tax (NPAT) of US$0.6 million, an 111 percent improvement on the US$5.0m Net Loss After Tax (NLAT) in reported in the first half of FY2023.
Among the factors that had a “positive and significant impact” on the company’s reported earnings was a payment of a US$3.6 million…
