Australian Agricultural tumbles after swinging to FY loss

Australian Agricultural

15/05/2024 01:44

** Shares of Australian Agricultural Company  AAC.AX  fall
as much as 3.2% to A$1.365, their biggest intraday decline since
May 3
    ** Beef producer posts full-year statutory net loss after
tax of A$94.6 mln ($62.72 mln), compared with a profit of A$4.6
mln last year
    ** Stock up 0.7% YTD as of last close

($1 = 1.5083 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))