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Elders Provides Half Year Results Presentation

17 May 2021  |  09:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Elders Half Year Results Presentation

Elders provided half-year results presentation. It continued to grow its footprint through the acquisition of Rural Products, Agency Services and Real Estate businesses and personnel, including six greenfield sites established in 1H 2021. It no longer has sufficient franking credits to pay fully franked dividends due to its significant carried forward tax losses. It forecasts that it will fully exhaust its carried forward tax losses around 2025 and then be in a position to pay fully franked dividends.

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