Elders widens full-year loss

Agribusiness warns future results will depend on local farm sector, rainfall, and commodity prices; declines to pay dividend.

Elders (ELD) says its future financial results will be highly dependent on the prospects of the Australian and New Zealand farm sector, adding it is not possible to forecast drivers of its performance such as rainfall and commodity prices with accuracy, after widening its full-year loss.

In the year to September 30, Elders posted a net loss after tax of $505.3 million, compared with a $60.6 million loss in the previous corresponding period. 

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