Australia’s largest cattle company has launched a review into their underperforming assets just three years after opening their 100 million dollar abattoir in Darwin.
The Australian Agricultural Company's preliminary results for their 2017-2018 financial year showed their Darwin abattoir was a major contributing factor in the company’s falling profitability.
The losses contributed by this abattoir have cost the business between 60 and 65 million dollars over the last 12 months, which is 43 million dollars more than forecasted for the 2017-2018 financial year.