Australian Agricultural Company Limited (AU:AAC) has released an update.
Australian Agricultural Company Limited celebrated its 200th anniversary, marking a pivotal evolution from a sheep enterprise to Australia’s leading beef and cattle producer with a significant Wagyu herd. Despite challenging global conditions, including market saturation and economic inflation, AACo reported robust FY24 results, including the second highest operating profit, a 7% increase in total sales revenue to $336 million, and a 10% rise in overall meat sales revenue. These achievements underscore the company’s resilience and the successful transition to a more streamlined and integrated supply chain.
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