Devastating North Queensland floods to hit company earnings

By Darren Gray
Updated February 12 2019 - 9:39pm, first published 9:31pm
An aerial image of the North Queensland floods shows cattle yards under water in the state's north west. Photo: GRANT HICKMOTT - RICHMOND SHIRE COUNCIL
An aerial image of the North Queensland floods shows cattle yards under water in the state's north west. Photo: GRANT HICKMOTT - RICHMOND SHIRE COUNCIL

The toll from the devastating north west Queensland floods has spread to ASX-listed businesses, with the market capitalisation of beef producer Australian Agricultural Company falling more than $78 million on Monday as investors reacted to news that four of its properties had been severely impacted by floodwaters.

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