Elders Limited (ASX:ELD) has outlined its redefined strategy to become a pure play rural services business.
The agribusiness says it will focus on its core network and trading business and plans to divest its Futuris Auto business in the foreseeable future.
CEO and Managing Director Malcolm Jackman has advised the staged exit from Elders forestry assets is continuing.
Mr Jackman says defining the company’s strategic direction is another important step in the evolution of the business.
In the first half of the 2012 financial year Elders posted a net profit of $41.9 million.