AAC 3.62% $1.15 australian agricultural company limited.

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    Revenue up in 2003 by 21% despite one of the worst droughts in memory

    Profitability down via drought due to the need to grain feed stock - this won't be required to the same extent this year and will increase profits

    Predicting higher cattle sales at higher weights in 2004

    Despite the drought AAC has considerably grown its held during a time when many farmers where destroying cattle rather than grain feed.

    Theyown the Jesters Pie franchise which is undertaking rapid expansion and they own the 1824 premium beef brand for restuarants

    They pay a good dividend 6c full year with 100% franking

    Predictions of a net profit increase in 2004 of between 15 and 25%.


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