{"id":8671,"date":"2023-05-14T20:46:00","date_gmt":"2023-05-15T00:46:00","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/elders-1h-a48-8m-vs-net-a91-15m-eld-au\/"},"modified":"2023-05-14T20:46:01","modified_gmt":"2023-05-15T00:46:01","slug":"elders-1h-a48-8m-vs-net-a91-15m-eld-au","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=8671","title":{"rendered":"Elders 1H A$48.8M Vs. Net A$91.15M >ELD.AU"},"content":{"rendered":"
\n

By Stuart Condie<\/p>\n

<\/pre>\n
SYDNEY–Australian agricultural business Elders cut its dividend as first-half profit fell 47% on weaker industry trading conditions.<\/p>\n
Elders on Monday reported a net profit for the six months through March of 48.8 million Australian dollars (US$32.4 million), compared with A$91.2 million in what it said had been an abnormally strong year-earlier period.<\/p>\n
\n
Revenue rose 9% to A$1.66 billion. Underlying earnings before interest and tax, or Ebit, slipped 38% to A$82.8 million against a backdrop of softer livestock trading conditions, weaker crop input prices and unseasonably wet weather.<\/p>\n
The board cut the half-year dividend to A$0.23 from A$0.28.<\/p>\n
Elders said that it expects full-year underlying Ebit of between A$180 million and A$200 million, with its fiscal second-half supported by strong demand for agricultural commodities.<\/p>\n
Elders added that it expected to issue an update in July on its search for a new chief executive.<\/p>\n
<\/pre>\n
Write to Stuart Condie at stuart.condie@wsj.com<\/p>\n
<\/pre>\n<\/p><\/div>\n<\/div>\n
Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Stuart Condie SYDNEY–Australian agricultural business Elders cut its dividend as first-half profit fell 47% on weaker industry trading conditions. Elders on Monday reported a net profit for the six months through March of 48.8 million Australian dollars (US$32.4 million), compared with A$91.2 million in what it said had been an abnormally strong year-earlier period. […]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-8671","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nElders 1H A$48.8M Vs. 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