Livestock Improvement Corp Ltd (NZSE:LIC)
NZ$ 1.1 0 (0%) Market Cap: 155.41 Mil Enterprise Value: 134.77 Mil PE Ratio: 20.00 PB Ratio: 0.57 GF Score: 74/100
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Preliminary 2020 Livestock Improvement Corporation Ltd Earnings Call Transcript

Jul 24, 2020 / 12:00AM GMT
Release Date Price: NZ$0.85 (+10.39%)
Murray King
Livestock Improvement Corporation Limited - Independent Chairman

Good afternoon, everyone, and thank you for attending this call. The purpose of the call is to discuss annual results we announced on the 22nd of July and answer any questions that you may have.

On the call is myself, [Chairman of] LIC as well as Wayne McNee, Chief Executive; Dave Hazlehurst, our Chief Financial Officer; and Gill Brennan, our Company Secretary.

The call is being recorded and will be available on the LIC website following the call. We have a Q&A session at the end of the call. (Operator Instructions) You're able to submit your questions at any time during the call, and we'll answer these during the Q&A session at the end.

I wanted to speak briefly about the highlights for the year. We're proud to deliver the strong result in line with market guidance. We're reporting an increase in underlying earnings, record revenue and ongoing strengths in the cooperative's balance sheet. Dave will provide a more detailed report on the financial highlights.

The strong result

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