Agribusiness giant, Elders Limited (ASX:ELD) disclosed its half year results for the period ended on 31 March 2020.
The Company has nearly doubled its 1H profit to $52 million with a stronger performance by all the divisions. Notably, costs are up on last year by $12.0 million due to the AIRR acquisition, geographical footprint growth and additional corporate initiatives.
Post announcement shares of ELD climbed by 8.3% to $10.200 on 18 May 2020 at AEST 12:08 PM.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.