v2 Report - Additional Information Supplement LIC Livestock Improvement Corporation Limited	IPOs and Investment Opportunities
Press releases   Livestock Improvement Corporation Limited (NS) LIC 26 Jun, 2007, 12:53 ASSET LIC SELLS ANIMAL BREEDING SERVICES Hamilton based LIC has sold the operating assets of Animal Breeding Services (ABS) to a partnership comprising previous owner, John Hepburn, and key client, Waratah Farms Ltd. LIC CEO, Mark Dewdney, said the sale is precipitated by LIC's decision to cease investment in IVP technology. "John Hepburn's partnership with Waratah Farms will mean the company will continue to provide artificial insemination and embryo transfer services to the dairy, beef, pork and goat industries". The new company will be known as Animal Breeding Services (2007) Ltd. Ends
Chairman's report   Farm improvement company, LIC, achieved revenue of $118.3 million in 2006/2007, an increase of $7.8 million over the previous year. Financial result Revenue for the 2006/2007 year was $118.3 million. The net profit (after tax) was $9.6 million which contrasts with $7.6 million in 2005/2006 and represents an increase of 26% or $2 million. Dividend The dairy farmer owned cooperative has two classes of share ('Co-operative Control' and 'Investment') and has announced a total dividend for the year of 10 cents for Co-operative shares, and 25 cents (made up of an interim of 10 cents and final of 15 cents) for Investment Shares. This represents a dividend yield of 13.9% and contrasts with the final Dividend, in 2005/2006, of 8.5 cents for Co-operative Control shares and 24.5 cents for Investment shares. (The Co-operative Control share dividend is derived from the prevailing first mortgage farm rate which, at year end, was 9.99%). Comment LIC Board Chairman, Stuart Bay, said the company continues to deliver an increased and more innovative range of products and services each year, complemented by a growth strategy which is delivering benefit on a wider range of farms than ever before. "The dividend we're paying on our Investment shares is slightly higher than last year which is an excellent result and represents approximately 80% of the net profit for the year. "LIC's growth strategy is gaining momentum and as a consequence, the Board expects there could be a requirement to retain higher levels of profit in the future, to fund growth". Ends
Director's Report	Investment Centre
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