ELD

Elders (ELD)

Stock Code

ELD

Stock Exchange

ax

Elders (ELD) has developed core rural and automotive businesses organically and through acquisitions. Some businesses have recently been divested and the company is now shifting its focus towards its Rural Services business. Some of FCL's businesses are held through associate or JV companies (for example, Rural Bank). ELD was listed on the Australian stockmarket on 30 June, 1981.

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Elders' Profit Performance Improves


It may be a season to be jolly after all for Elders (ELD) shareholders as it reported profit improvements for the first two months of its fiscal year after declaring a $395 million loss in the previous year that caused them to sell its forestry assets.

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Sharemarket Activities on Tuesday


On December 20, 2011, two floats, three Annual General Meetings and Extraordinary General Meetings are listed in the sharemarket events. No ex-dividends will be declared on Tuesday.

Float

Elders $395m Loss: Future Improvements


Adelaide-based rural services and automotive group Elders (ELD) is still keeping a positive outlook after declaring a $395.4 million annual loss for the year to September 2011.

From the company's $217.6 million loss during the previous period to this year's bigger loss, Elders forestry assets are now being sold off after contributing $335.4m of this year's deficit. $64.6m of the deficit came from other non-recurring items and discontinued operations.

Elders Profit Guidance Down


With a $14.6 million loss in the first half, agribusiness company Elders (ELD) has downgraded its underlying profit forecast for the full year.

For the six months to end of March, Elders booked a similar $165.9 million loss from the previous corresponding period. Without one-off items, first-half underlying profit was $1 million, an increase from the previous period loss of $2.4 million.

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