The Board of Australian Agricultural Co. Ltd. announced that David Farley will be appointed Managing Director and Chief Executive Officer. Mr. Farley will commence on 1 December 2009. He was formerly Managing Director of Colly Cotton Limited, where he was instrumental in improving the company's asset base, debt structure and profitability. The company has reviewed its second half ending December 31, 2009 earnings forecast in the light of a strongly appreciating Australian/US dollar position and guidance is now given that the company does not expect any significant earnings before interest and tax contribution in the second half of the financial year on the company's year end results. The company reported earnings are extremely sensitive to year-end cattle price assumptions, under the Agriculture Accounting Standard. For every 1% change in company 's total herd valuation, company's EBIT is potentially impacted by $4 million.

Australian Agricultural Co. Ltd. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on August 17, 2009).

Australian Agricultural Co. Ltd. announced consolidated earnings results for the first half year ended June 30, 2009. For the period, the company reported revenue of AUD 73,630,000 compared to AUD 123,604,000 for the same period last year. Loss before depreciation, amortization, income tax and finance costs was AUD 23,445,000 compared to profit before depreciation, amortization, income tax and finance costs of AUD 21,084,000 for the same period last year. Loss before income tax and finance costs was AUD 32,569,000 compared to profit before income tax and finance costs AUD 15,304,000 for the same period last year. Net loss attributable to members of parent entity was AUD 30,261,000 or AUD 11.5 per basic and diluted per share compared to AUD 2,164,000 or AUD 0.8 per basic and diluted per share for the same period last year. Net cash used in operating activities were AUD 36,123,000 compared to net cash flow from operating activities of AUD 5,913,000 for the same period last year. Payments for property, plant and equipment and other assets were AUD 1,953,000 compared to AUD 3,596,000 for the same period last year. Loss before income tax was AUD 40,849,000 against AUD 915,000 last year. Revenue represents a decrease of 40.5% over the prior comparative period, which was wholly attributable to the cattle segment of the business.