Australian Agricultural Company (ASX:AAC) announced financial results for the half-year ended 30 September 2022.

Operating Profit: $38.3m vs $30.0m pcp.

Statutory Net Profit After Tax: $51.6m vs $83.2m pcp.

Operating Cash Flow: $3.4m vs $17.3m pcp.

Meat Sales Revenue: $122.3m vs $102.9m pcp.

Meat sales price per kilogram increased 25.9% (20.1% constant currency basis).

Westholme and Darling Downs brands now represent 88% of meat sales.

18% increase in live weight kilograms produced vs 1% higher costs of production.

NTA increase of 3% to $2.33 per share driven by an increase in net assets to $1.4b.

Following the announcement the company?s share price fell 4.956%.