AACo posts $148m loss after floods, drought and market hits

Andrew Marshall
Updated May 22 2019 - 3:52pm, first published 11:15am
Drought de-stocked AACo cattle being yarded for sale at Longreach in March.
Drought de-stocked AACo cattle being yarded for sale at Longreach in March.

Drought and exceptional North Queensland flooding in February have cost the Australian Agricultural Company $107 million, sinking its 2018-19 statutory trading result to a $148.4m loss.

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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