· $33.4 million net profit
after tax (NPAT), up 10.4% from $30.3 million.
·
$60.0 million earnings before interest, tax, depreciation
and amortisation (EBITDA), up 2.7%.
· $46.4 million
earnings before interest and tax (EBIT), up 7.6%.
·
Underlying earnings (NPAT excl bull valuation change) range
is forecast to be $19-23 million for year-end, up from
$16-22 million, compared to $22.7 million in
2019-20.
Livestock Improvement Corporation (NZX: LIC)
(
LIC) announces its half-year financial
results for the six months to 30 November 2020, which show
continued strength in the cooperative’s financial
performance with increased revenue and underlying
earnings.
Net profit was up 10.4%, primarily due to a
strong growth in sales of LIC’s premium artificial