Australian Agricultural Company slips to 1-1/2-month low on Queensland flooding impact
04/01/2026 23:42
** Shares of Australian Agricultural Company AAC.AX fall as much as 4.1% to A$1.39, their lowest level since November 14 ** Stock hits its biggest intraday pct drop in more than a month ** The cattle-beef producer says heavy rain and flooding throughout north-western Queensland has impacted three of co's 27 properties ** AAC says overall impact of flooding on co's earnings for March FY2026 is likely to be material ** Stock up 3.2% in 2025 (Reporting by Aamir Sheik Khalid in Bengaluru) ((Aamir.SheikKhalid@thomsonreuters.com))
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Australian Agricultural Company slips to 1-1/2-month low on Queensland flooding impact