Drought cuts Elders' profit 4pc, but acquisitions yield rewards

Andrew Marshall
Updated November 11 2019 - 6:48pm, first published 6:30pm
Elders makes the most of dry times with $69m profit
Elders makes the most of dry times with $69m profit

Elders says many of its farmer customers are enduring tough drought conditions, but the rural services business has managed to survive 2018-19 with only a $2.7 million drop in statutory profit after tax to $68.9m.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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