AACo managing director Jason Strong said that was because the company had reduced its reliance on external shortfed supply.
That is, it had bought fewer less-profitable cattle that would have otherwise "flowed through the system and been part of our revenue this year".
"They are the major contributor to the reduction in revenue," Mr Strong said.
But despite revenue being down, AACo's margins improved from 3 per cent in 2016 to 10 per cent in 2017.
Mr Strong said that was due to a focus on higher value business.
---AAC can easy to increase revenue, (just bought some more less-profitable cattle), but AAC do not want to do, they have smarter business strategy
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$1.37 |
Change
0.000(0.00%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.36 | $362.3K | 264.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74917 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 430 | 1 |
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| AAC (ASX) Chart |
