AACo profit dips to $47.9m as new market strategies kick in

Andrew Marshall
Updated November 23 2016 - 12:05pm, first published 10:30am
Australian Agricultural Company (AACo) managing director, Jason Strong, is pleased with the company's significant change and progress, "but we are far from finished”.
Australian Agricultural Company (AACo) managing director, Jason Strong, is pleased with the company's significant change and progress, "but we are far from finished”.

Australian Agricultural Company (AACo) has posted a $2 million drop in half-year net profit to $47.9m after spending extra cash building its cattle numbers on feed prior to processing them at its new Livingstone meatworks near Darwin.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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