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Company News Summary

Australian Agricultural Company Provides Update on Impact of Qld Floods

11 Mar 2019  |  08:37:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on Impact of Queensland Floods

Australian Agricultural Company provided an update on the impact of the recent flood event in north-western Qld and the continued impact of the widespread drought conditions occurring across Australia. Flood levels in the Gulf have largely receded and the Company has been able to undertake on the-ground assessments of the impact to livestock and infrastructure. Overall livestock losses were less than initial expectations in some cases, and the Company has completed an updated evaluation of cattle numbers found to have survived.

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