24 May 2022, Australia: Elders delivers 80 per cent (pc) EBIT growth, a 36% increase in underlying earnings per share and announces a 40% increase in interim dividend to 28 cents per share.
Full year Underlying EBIT guidance has been upgraded to 30% to 40% above the prior financial year.
Australian agribusiness Elders (ASX:ELD) today released its half year results for the six months to 31 March 2022.
Elders has outperformed the 2021 first half in all product areas and geographies. This has been led by Rural Products, with sales up $312.9 million (47%), and Wholesale Product sales up $46.7 million (27%). Growth across the Rural Products business has been driven by strong demand for fertiliser and crop protection products following favourable seasonal conditions across key cropping regions.