Elders (ASX: ELD) focuses on transformational initiatives to drive capital, cost efficiencies.

Mon 14 Aug 23, 12:15 PM | Team Kalkine

Image source: SteafPong88

Highlights

Elders Limited (ASX: ELD) is an agribusiness with business operations covering real estate, insurance and more. The company registered a sales revenue of AUD 1,657.3 million during the first half of the financial year 2023 (1HFY23), up by 9.4% over the previous corresponding period. The performance of wholesale and retail product segments underpinned the sales revenue growth.

During the stated period, the statutory profit after tax dropped by 46.5% to AUD 48.8 million over the previous corresponding period due to weakness in livestock trading conditions, unseasonable wet weather and weaker crop input prices.

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