Business
South Australian agribusiness Elders has reported a healthy statutory profit after tax of $122.9 million for 2019-20, an 80 per cent increase on the previous financial year.
Business
SA listed companies have gained ground on the Australian Securites Exchange in the first five weeks of the new financial year as the volatile market inches back from March’s pandemic cliff.
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Adelaide-based Elders has made a $187 million scrip and cash offer for unlisted private wholesale buying group, Australian Independent Rural Retailers.
Agribusiness Elders has announced it will no longer undertake exports of live cattle to long-haul destinations, and will divest its short-haul and air-freight live animal export businesses.
Agribusiness Elders is raising $102 million from investors so it can buy back the group’s hybrid securities and simplify its share structure.
Agribusiness group Elders has gone into a trading halt ahead of announcing details of a capital-raising.
