Brief: Elders Targets Cash Conversion Of Greater Than 90% Of Underlying NPAT As At 30 Sept

Elders

21/08/2023 02:35

Aug 21 (Reuters) - Elders Ltd  ELD.AX :
    * TARGET CASH CONVERSION OF GREATER THAN 90% OF UNDERLYING
NPAT AS
AT 30 SEPTEMBER 2023 IS EXPECTED TO BE ACHIEVED
    * FY UNDERLYING EBIT IS NOW EXPECTED TO BE BETWEEN A$165
MILLION
AND A$175 MILLION
    * EXPECTED RESULT DUE TO LOWER THAN FORECAST RURAL PRODUCTS
SALES
IN RECENT WEEKS, AMONG OTHERS
    * EXPERIENCING CAUTIOUS CUSTOMER SENTIMENT IN LIGHT OF
UNCERTAIN
SEASONAL CONDITIONS IN SOME FARMING REGIONS

Source text for Eikon:  ID:nASXnll12 
Further company coverage:  ELD.AX 

 ((Reuters.Briefs@thomsonreuters.com;))