Elders
(ASX:ELD) first half net profit has plunged 34 per cent to $26.4 million when compared with the year earlier period.
Earnings were also lower, down 27 per cent to $33.5 million.
Revenue fell from just under $750 million to $737.5 million
Elders says hot and dry conditions across Australia resulted in reduced Summer cropping denting retail sales.
The company has declared a fully franked interim dividend of 9 cents per share declared, consistent with prior period
Looking forward, the company expects a return to average Winter cropping season with underlying net profit in the range of $61 to $64 million for Financial Year 19.
Shares in Elders
(ASX:ELD) are trading 0.15 per cent higher at $6.59.
