Elders Limited (ASX:ELD) has trimmed its half year loss and forecast improvements for its full year result.
The troubled agribusiness narrowed its interim net loss by 97 per cent to $10.2 million in the six months to the end of March.
On an underlying basis the company generated a profit of $6.7 million and reported improved earnings in every part of its business.
Managing Director Mark Allison has described the results as an early milestone in the journey to becoming a value-generating investment for its shareholders.
Looking ahead Elders has a positive outlook for the second half and expects ongoing improvement against last year's results.
No dividend has been declared.
