Wellard results reflect low cattle numbers in northern Australia

THE results of the quarter ending 31 December 2021, show cash flow of negative US$1.5 million from operating activities in the reporting period for livestock shipping company Wellard. The results of the Australia-listed company were impacted by the late payment of a US$4 million customer invoice which was due on 30 December 2021 but was received on 5 January 2022.