Australian Agricultural Company Limited (ASX: AAC) released its 1H FY2020 with 9.5% growth in the Wagyu meat sales to date, an outcome of improvement in the volume and price/mix/exchange.
- Underlying operating profit was $9.4 million.
- Operating cash inflow was $11 million.
- Statutory EBITDA loss declined from $82.9 million in 1H FY2019 to $3.4 million in 1H FY2020.
- Despite the drought, the company reported a positive operating profit and operating cash flow.
At AEST 1:47 PM, AAC quoted $1.035, 2.4% above its previous close.
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