Australian Agricultural Company Ltd Focusing On Beef Business
Focusing on beef business: Australian Agricultural Company Ltd (ASX: AAC) stock rose about 1% on July 18, 2016. The group reported that its beef sales in 2016 accounted for 88% of the revenue. AAC is focusing on processing on its own beef for global sale, by establishing the Livingstone Beef processing facility at Darwin. For 2016, the total revenue increased by 45%, while the beef’s export to United States rose by 175%. AAC is even investing for global expansion and in the next three months, they would roll out around five brands which would give recognition in the world. The group recently launched their new website and would launch Wylarah and Westholme beef in the next few months. Meanwhile, AAC stock has risen 47.15% (as on July 15, 2016) in the last six months.
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