Australia's Elders climbs to over 2-week high on upbeat annual results

Elders

17/11/2025 01:14

Updates

** Shares of agribusiness company Elders Ltd ELD.AX rise as much as 3.4% to A$7.21, their highest level since October 31

** Co posts a 34% rise in underlying profit after tax for FY, while sales revenue rises 2%

** Declares final dividend of 18 Australian cents per share, in line with last year

** Says optimistic about FY26 outlook, supported by a forecast recovery from dry conditions in South Australia and Victoria

** Citi says co's revenue in-line with brokerage's forecast

** "We expect shares to trend higher," says Citi

** Stock last up 3.1% bringing YTD gains to 0.3% from a loss of 2.7% at last close

 (Reporting by Rajasik Mukherjee & John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))