Australian agribusiness Elders (ASX:ELD)
today released its results for the 12 months to September 2020, reporting statutory profit after tax of $122.9 million.
Underlying earnings before interest and tax (EBIT) of $119.4 million represents an increase of 62 per cent on FY19 and underlying earnings per share (EPS) of 70.7 cents reflects a 35 per cent increase on FY19.
The year was marked by drought, bushfire and Covid-19.
Despite this, the company announced a dividend of 13 cents per ordinary share takes total dividends paid for the year to 22 cents fully franked, an increase of 22 per cent or 4 cents on the previous year.
Shares in Elders (ASX:ELD)
are trading 0.08 per cent higher at $11.88.