Australia's Elders hits over 3-year low as HY profit tumbles

Elders

15/05/2023 02:10

** Shares of Elders Ltd  ELD.AX  slide as much as 12.7% to
A$7.25, their lowest since March 30, 2020
    ** Stock emerges as the top loser on ASX 200
    ** Agribusiness co posts half-year profit from continuing
operations after tax attributable of A$48.8 mln ($33.10 mln),
down 46% 
    ** Says HY revenue up 9% to A$1.66 bln
    ** Stock posts its biggest intraday pct fall since Nov 14
    ** More than 1.9 mln shares change hands, thrice the 30-day
average volume 
    ** Stock down 18.2% this year, as of last close

($1 = 1.4743 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))