Livestock Improvement Corporation Limited (LIC) is engaged in supplying artificial breeding, herd testing, herd recording and other services. The Company operates through four segments: NZ Markets Genetics, Herd Testing, Farm Software and Farm Automation. The NZ Markets Genetics segment provides bovine genetic breeding material and related services predominately to dairy farmers. The Herd Testing segment provides herd testing and animal recording for pastoral farmers. The Farm Software segment is engaged in providing data recording and farm management information services. The Farm Automation segment is engaged in providing dairy automated technologies from LIC Automation Ltd, including Protrack. Its Other operating segments include international operations, research and development, diagnostics, animal health and treatment services, LIC Deer Ltd, animal evaluation and leadership and governance support services. It operates in New Zealand, Australia, United Kingdom and Ireland.

Sales Analysis. Livestock Improvement Corporation Ltd reported sales of 253.99 million New Zealand Dollars (US$167.09 million) for the fiscal year ending May of 2020. This represents an increase of 3.0% versus 2019, when the company's sales were 246.54 million New Zealand Dollars. This was the third consecutive year of growth at Livestock Improvement Corporation Ltd. The sales level in 2020 was fairly close to the level five years ago: in 2015, Livestock Improvement Corporation Ltd had sales of 232.50 million New Zealand Dollars.