NZ's Livestock Improvement falls on FY profit slump

Livestock Improvement

19/07/2024 01:56

** Shares of Livestock Improvement  LIC.NZ  fall as much as
1.7% to NZ$1.180, set for worst day since Feb 15, if current
trend holds
    ** The agri-tech co says its annual Net Profit After Tax
(NPAT) fell 71.7% to NZ$7.7 mln ($4.65 mln) y/y
    ** Co says its annual revenue dropped 3.3% to NZ$267.3
million
    ** Stock hits its lowest level since April 5
    ** Stock up 38.7% this year, as of last close

    ($1 = 1.6562 New Zealand dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))