Australian Agricultural Company Limited
(ASX:AAC) has booked a half year net loss of $4.1 million.
The beef producer was hit by easing cattle prices at the end of last year.
The first six months of the year showed an improvement in revenue and a 13.7 per cent boost in cattle sales compared to the same time last year.
AAC says it is committed to improve the return on assets and expects cattle prices to firm in the second half of this year.
The company says, no dividends will be declared until there is a positive return to operational cashflows.
