Closing the door on Elders Hybrids

It’s been an arduous journey, but with Elders reporting another shocking result we’re taking the opportunity to sell the Elders Hybrids before it gets much worse.

Elders has released a worse than expected result for the half-year ending 31 March. Earnings before interest and tax (EBIT) in the key rural services division swung to an underlying loss of $7.7m, from a profit of $21.1m in the prior period. Meanwhile, earnings from its automotive division fell 7% to $5.0m, despite tepid revenue growth of 3% (see Table 1).



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