Updated

AACo swings from loss to $15.2m profit despite drought year

Andrew Marshall
Updated May 26 2020 - 4:48pm, first published 10:24am
TOUGH TIMES: AACo managing director Hugh Killen has bounced back despite harsh economic conditions.
TOUGH TIMES: AACo managing director Hugh Killen has bounced back despite harsh economic conditions.

Despite ongoing drought and the early impact of coronavirus, the Australian Agricultural Company has bounced back from last year's $23 million loss to post a full-year underlying operating profit of $15.2m for 2019-20.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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