The Australian Agricultural Company (AACo) today announced earnings before interest and tax (EBIT) for the six months to 31 December 2001 of A$41.2m (US$21.3m), an increase of 142% over the previous corresponding period.  Net profit after tax (NPAT) for the period rose 136% to A$28.1m. Earnings increased primarily as a result of higher beef sales revenue and mark to market valuation increases brought about by the continued strength of cattle prices. Prices finished the six-month period to 31 December 2001 at a considerably higher level than at the start of the financial year.