News
Strong performances across all sectors has helped South Australian agribusiness Elders deliver a surge in profits for the first half of its financial year of $68.2 million, up 40 per cent on the same period a year ago.
News
The share prices of South Australia’s largest 10 publicly listed companies have risen by an average of 25 per cent in 2020 to outperform the market in a tumultuous year for stocks globally.
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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.
Elders’ net profit has slipped 3.7 per cent to $68.9 million, but its suite of new purchases has helped offset drought-ravaged cropping and wool volumes.
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.
