LIC - Full Year Result 2022-23

Thursday 20th July 2023

Livestock Improvement Corporation (NZX: LIC ) is pleased to present its full year result for the year ended 31 May 2023.

Summary of financials

• Net Profit After Tax (NPAT): $27.4 million, up 2.4% from $26.7 million last year

• Total revenue from continuing operations (excl automation): $276.5 million, up 5.1% from $263.2 million last year

• Underlying Earnings: $23.7 million, down 7.6% from $25.7 million last year

• Strong balance sheet with no debt at year end: Total assets $382.3 million, 0.9% decrease from $385.6 million last year

• Dividend: $23.3 million – 16.38 cents per share

Please view downloads for more information.

Contact:

Shareholder enquiries: shareregistry@lic.co.nz or phone 0800 542 742

Media enquiries: Amy Wickliffe, Senior Communications Advisor: amy.wickliffe@lic.co.nz 027 225 0298

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