LIC - Full Year Result 2021-22

Livestock Improvement Corporation (NZX: LIC ) is pleased to present its full year result for the year ended 31 May 2022.

Summary of financials

• Total Revenue from Continuing Operations: $263.2 million (up 5.7%)

• Net Profit After Tax (NPAT): $26.7 million (up 16.5%)

• Underlying Earnings: $25.7 million (up 15.3%)

• Strong balance sheet, no debt at year-end and total assets $385.6 million (up 1.2%)

• Dividend: $26.2 million, or 18.43 cents per share

• R&D investment: $18.2 million or 6.9% of revenue (up 6.2% from $17.1 million)

• LIC expects underlying earnings* in 2022-23 to be in the range of $20-26 million, assuming no significant climate event or milk price change takes place between now and then, nor any major impacts from M. bovis or Covid-19.

Please view downloads for more information.

• Market Statement July 2022
•  Annual Report July 2022
•  Financial Results July 2022
•  Distribution Notice July 2022

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