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AACo Posts Record $71.6M Operating Profit Amid Floods and Premium Beef Demand
10:00am on Thursday 1st of January, 1970 AEST
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Agriculture
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AACo Posts Record $71.6M Operating Profit Amid Floods and Premium Beef Demand
10:00am on Thursday 1st of January, 1970 AEST
Key Points
23% rise in operating profit to $71.6 million
9% revenue increase to $422.1 million led by premium beef sales
North Queensland floods cause $9 million cost impact and 7,000 cattle losses
Herd valuation gains of $128.6 million boost statutory net profit to $107.3 million
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Australian Agricultural Company (ASX:AAC)
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