LIC ends year with $30.6m profit
Herd improvement company LIC has ended the 2024-25 financial year in a strong position - debt-free and almost quadrupling its net profit.
DAL manufactures sensor technology for the real time (on farm) analysis of milk. The new ownership starts tomorrow (March 1) and the business will continue to be known as DAL. It will operate as a wholly owned subsidiary of LIC (NZ) Ltd with the same staff and from the same location in Hamilton.
LIC chairman Murray King said while most dairy farmers rely on official herd testing to monitor the production performance of their herds "a number want to make more use of complementary services providing daily insight to the components of the milk their cows are producing – volume, fat, protein, mastitis etc.
"LIC is committed to pushing forward with new innovations that provide farmers with choice in the method of animal performance assessment on their farms, and the acquisition of DAL complements that choice."
