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Company News Summary

Australian Agricultural Company Posts Positive Result in Challenging Environment

20 May 2021  |  08:07:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY21 Media Release

Australian Agricultural Company announced that it has consolidated its first half position to deliver an operating profit of $24.4m for FY2 201. The Company also delivered a positive operating cash flow of $18.4m and a statutory EBITDA profit of $99.3m, despite a year that was made more challenging by COVID-19 and in the face of headwinds that impacted red meat production during the year which is expected to continue into FY 2022.

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