Elders reports strong financial position, despite challenging year

By Alisha Fogden
Updated December 17 2020 - 2:15pm, first published 1:15pm
Elders chief executive officer Mark Allison said the company's Eight Point Plan ensured it was able to achieve a "strong financial performance, and continue our commitment to making good money in bad seasons and great money in good seasons".
Elders chief executive officer Mark Allison said the company's Eight Point Plan ensured it was able to achieve a "strong financial performance, and continue our commitment to making good money in bad seasons and great money in good seasons".

DESPITE ongoing drought and bushfires in the first half of the year and without claiming any COVID-19 support measures from the government, Elders has reported underlying earnings of $120.6 million, before tax and interest - a 64 per cent increase on last year - and a return on capital of 18.7pc at the company's online annual general meeting today.

Get the latest SA news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.