Elders Half-year Results Out, Profit Almost Doubled To $52 Million

  • May 18, 2020 AEST
  • Team Kalkine

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.


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