Elders expects better trading conditions in late 2024 after tough six months

Agribusiness Elders expects better trading conditions in the second half of this year after a tough six months due to challenging weather, cautious client sentiment, lower fertiliser prices and falling livestock prices. Elders reported a 19 per cent drop in revenue to about $1.3 billion. The underlying profit slipped 72 per cent, and the company’s statutory profit was down 76 per cent to $11.6 million. Elders cut its dividends to 18 cents per share, down from 23 cents in the prior period.