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Update: Elders Posts Lower Fiscal H1 Underlying Earnings, Higher Revenue; Shares Hit Over Eight-Year Low

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(Updates to add stock movement in the headline and last paragraph)

Elders (ASX:ELD) reported Monday fiscal first-half underlying earnings of AU$0.181 per share, down from AU$0.188 a year earlier.

Revenue for the six months ended March 31 was AU$1.77 billion, compared with AU$1.34 billion a year earlier. Analysts surveyed by FactSet expected AU$1.8 billion.

The board declared an interim dividend of AU$0.18 per share, unchanged from the prior corresponding period, payable June 25 to shareholders on record as of May 27.

The company's shares plunged around 23% in recent Monday trade, hitting their lowest level since October 2017.

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