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Business Description: Elders Limited (ELD) is an Australian company with businesses in rural services and automotive components. Rural Services operations supply the physical, financial and advisory inputs and marketing options to help Australian and New Zealand farmers. Automotive operations are conducted through Futuris, an Australian automotive components supplier and an emerging supplier to the Asia Pacific automotive industry.
Strategy Analysis: Elders operates principally in three very different sectors - Rural Services, Forestry and Automotive. The sale of a non-rural assets is continuing with ELD shifting its focus to the agri-service business and will increasingly focus on these activities going forward. The decision has been taken to conduct a staged exit from forestry and the automotive business is considered non-core. The company plans to divest this business when the automotive market recovers.
Elders reported net loss of $395.35m for the year ended 30 September 2011. Revenue from ordinary activities were $2,313.97m, up 15% from last year. Basic and Diluted EPS were (88.1) cents compared to (51.1) cents last year. The net operating cash outflow was $23.76m compared to an outflow of $110.47m in the pcp. No dividend was declared.
The Age 25/05/2013 |
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The Age 25/05/2013 |
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The Age 25/05/2013 |
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The Age 25/05/2013 |
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