CPC results defy tough environment

By By Mollie Tracey
Updated June 11 2019 - 7:13pm, first published June 8 2019 - 9:00am
FarmBuy Real Estate
Tumultuous conditions caused by drought and flooding have appeared to not dampen Consolidated Pastoral Company's (CPC) earnings too much for the 2019 financial year. The company reported pre-tax and deductions earnings of $36.2 million and an underlying profit after tax of $22.9m, which did not include the non-recurring flood and drought impacts.
Tumultuous conditions caused by drought and flooding have appeared to not dampen Consolidated Pastoral Company's (CPC) earnings too much for the 2019 financial year. The company reported pre-tax and deductions earnings of $36.2 million and an underlying profit after tax of $22.9m, which did not include the non-recurring flood and drought impacts.

DESPITE enduring a tough drought, widespread flooding and divesting land, one of Australia's largest pastoral companies reported a growth in earnings for the 2019 financial year for 12 months, ending March 31, 2019.

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