Elders Limited (AU:ELD) has released an update.
Elders Limited, an Australian agribusiness, reported a half-year underlying EBIT of $38.4 million and announced an 18 cents per share interim dividend, projecting an improved second half bolstered by a positive seasonal outlook. Despite challenging conditions that led to a year-on-year decrease in financial metrics, the company saw recovery in livestock prices and client sentiment, and anticipates full-year EBIT to be within $120 to $140 million, in line with strategic investments and cost management.
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