Australian Agricultural Company
Australian Agricultural Company (AAC) is a large and established beef cattle Company in Australia. The principal activities of the Company incorporates operating grazing and farming lands, breeding of cattle, growing, feedlotting and trading and other activities related to wholesale marketing of meat. Australian Agricultural Company floated on the Australian Stock Exchange (ASX) on August 10, 2001. The Company employs 500 people and manages 565,000 beef cattle. AAco supplies beef to both domestic and export customers.
Australia's largest cattle producer, Australian Agricultural Company (ASX:AAC), AACo, has announced a $8.4 million loss for its financial year ending on December 31, 2012.
- Australian Agricultural Company: 2012: $8.4 million loss from a profit of $10.5 million in 2011.
Australia's largest cattle producer, Australian Agricultural Company, or AAco AAco (ASX:AAC), has announced its interim H1 results:
- First half loss of $4.1 million to June 30
- Loss is a vast improvement on loss for the corresponding period in 2011 (a loss of $12.57 million), note that this figure doesn't account for June 10 ban on live exports to Indonesia
- Revenue from ordinary activities $246.343 million (+15.3 percent)
AAco (ASX:AAC) raised $56.3 million from oversubscribed placements and investors. The said capital will be used to pay a $31.4 million debt. The company stated that after the reduction, AAC will have a net debt of $315 million.
39.6 million shares were placed at $1.42 per share, which represented an 8.4 percent discount form the closing price of $1.55. AAC will contunie share trading today.
Read up on the dividend history for AUSTRALIAN AGRICULTURAL COMPANY LIMITED.. Dividends are a payment declared by a company's board of directors and given to its shareholders from the company's current or retained earnings. Dividends are usually released as cash (cash dividend). Dividends provide an incentive to own shares in the company. Companies are not required to pay dividends. You are eligible to receive AAC dividends if you own the AUSTRALIAN AGRICULTURAL COMPANY LIMITED. shares on the ex-dividend date.
Australian beef cattle producer, AAco (ASX:AAC) has reported a net loss of $12.2 million in the 2009-2010 fiscal year to June 30. The net loss is less compared to the previous year when Australian Agricultural Company reported a loss of $30.3 a year.
AAco - Australian Agricultural Company Financials
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