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Business
South Australian companies in the technology, mining and agriculture sectors are moving quickly to deal with the challenges and opportunities presented by an unstable geo-political climate.
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News
In this week’s briefcase, Elders records its biggest profit in more than a decade, a huge outback green hydrogen project is flagged and 10 SA companies vying for national export awards.
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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.
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.
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.
