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Australian Agricultural Projects Sees Record Harvest Value
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Australian Agricultural Projects Sees Record Harvest Value

Australian Agricultural Projects Ltd. (AU:AAP) has released an update.

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Australian Agricultural Projects Ltd reported a lower olive oil production this season due to cooler conditions but managed to produce a high quality extra virgin product, leading to the most valuable harvest in the company’s 20-year history. Despite a quarterly operating cash deficit, future cash flows are expected to improve with the sales of the current harvest. The company is optimistic about the upcoming ‘on year’ season with a full water allocation and anticipates better harvest value than this year.

For further insights into AU:AAP stock, check out TipRanks’ Stock Analysis page.

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