· $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
Dairy s record milksolids production in a challenging year
16 Dec, 2020 08:17 PM
4 minutes to read
Te Awamutu Courier
The annual New Zealand Dairy Statistics publication released last week shows another record year for New Zealand s dairy sector, with total milksolids production at a record high.
The DairyNZ and Livestock Improvement Corporation (LIC) statistics show that in the 2019-20 season, New Zealand dairy companies processed 21.1 billion litres of milk containing 1.90 billion kilograms of milksolids (kg MS).
This is a 0.6 per cent increase in milksolids from the previous season.
Average milk production per cow also increased from 381 kg MS last season to 385 kg MS this season, while the latest count showed that New Zealand has 4921 million milking cows – a decrease of 0.5 per cent from the previous season.