Australia's Elder eyes best day in 20 months on EBIT beat

Elders

12/11/2023 23:53

** Shares of Australia's Elders  ELD.AX  rise as much as 12%
to A$6.92, set for best session since March 2022 if current
gains hold
    ** Agribusiness co posts FY23 EBIT of A$171 mln ($108.81
mln), 3% above Visible Alpha consensus
    ** Records FY23 revenue of A$3.32 bln, in line with Visible
Alpha consensus
    ** Stock hits highest level since Aug 18
    ** Stock down 39.1% this year, as of last close

($1 = 1.5716 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))