Livestock Improvement Corporation to Reassess Strategy Amid Strong Growth

Livestock Improvement Corporation Limited (NZX: LIC) has announced plans to review its strategy, last refined in early 2021 before CEO David Chin assumed leadership. At the time of writing, the dairy genetics and agri-tech cooperative aims to align its future direction with evolving market conditions and business opportunities. This announcement follows LIC's robust financial performance for the half-year ending November 30, 2024. The company reported an 8% increase in revenue to $185.1 million, while net profit after tax surged by nearly 35% to $39.1 million. Underlying earnings also reflected substantial growth, underscoring the cooperative’s resilience and operational efficiency. The upcoming strategy review is expected to strengthen LIC's position in the dairy and agri-tech sectors, ensuring continued innovation and support for its farmer shareholders.

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