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- ALIC LIC Half - Year Result – Genomics Investment Delivering For Farmers and Co - op Performance Highlights H1 2020-21 : $ 169.7 million total revenue , up 3.8 % from $ 163.4 million in the same period last year . • • $ 33.4 million net profit after tax ( NPAT ) , up 10.4 % from $ 30.3 million . • $ 46.4 million earnings before interest and tax ( EBIT ) , up 7.6 % . • $ 60.0 million earnings before interest , tax , depreciation and amortisation ( EBITDA ) , up 2.7 % . Private Bag 3016 Hamilton 3240 New Zealand 0800 651 156 www.lic.co.nz Underlying earnings ( NPAT excl bull valuation change ) * range is forecast to be $ 19-23 million for year - end , up from $ 16-22 million , compared to $ 22.7 million in 2019-20 . Livestock Improvement Corporation ( NZX : LIC ) ( LIC ) announces its half - year financial results for the six months to 30 November 2020 , which show continued strength in the cooperative's financial performance with increased revenue and underlying earnings . Net profit was up 10.4 % , primarily due to a strong growth in sales of LIC's premium artificial breeding options and animal health and diagnostics testing , as farmers invest to optimise the value of their dairy herds . The cooperative also continued investment in Research & Development ( R & D ) and the MINDAⓇ farm management software , and made capital investments in new facilities on the cooperative's farms . Board Chair Murray King said the cooperative is balancing profit with focussed R & D and technology investment for the long term . " We are investing in the areas where LIC has unique capability to maximise the value LIC's customers generate from their livestock and their product ; providing technology and services to make farmers ' lives easier . " This includes investment in key areas such as genetics and R & D , through to updating and enhancing LIC'S MINDA farm management software given its critical importance to LIC's farmer shareholders and their businesses . " King said the highlight of the result was farmers ' growing confidence in LIC's genomic selection with around 1.4 million inseminations from genomic sires this year , up from just under 400,000 in 2017 . " Genomic science and genome sequencing technology is generating markedly increased productivity and health traits for dairy cows and better returns for dairy farmers . " LIC is now a world leader in pastoral dairy genomic science thanks to the foresight of LIC's Board and shareholders . The cooperative has invested $ 78 million into genomic science over the last three decades to speed up valuable genetic gain in dairy herds , enabling our customers to produce the most sustainable and efficient animals and the highest value product . " Genomic sires feature in premium artificial breeding offerings , including Premier Sires Forward Pack , A2 / A2 , Alpha genomic and liquid sexed semen . Growth in the interest of sexed semen has seen inseminations move from 30,000 in 2019 to over 100,000 nationally in 2020. King said this has been achieved through the expansion of regional availability and making all liquid sexed semen AB replacement breeds available for delivery this year . " Delivery has been daily and we have pulled out all the stops to get product to farm including chartering flights for weekend delivery to ensure supply . Farmers are seeing the value of mating their best animals to high genetic merit sires , while using a beef sire on their lower performing animals . " King said ongoing R & D and innovation focussed on herd sustainability , health and efficiency were continuing with LIC launching the HoofPrintⓇ index , a new tool giving farmers accurate insights on bulls born since 1 January 2009 that LIC is the trading name of Livestock Improvement Corporation Limited