ASX:ELD

Elders Secures Final Approvals for Killara Feedlot Divestment

Elders (ASX:ELD) said it has received all regulatory approvals required for the sale of Killara Feedlot to Australian Meat Group, with completion of the transaction expected on June 30, according to a Monday filing with the Australian bourse.The transaction was approved to proceed after receiving a "no objection" notice from the Treasurer under the Foreign Acquisitions and Takeovers Act 1975 on Monday, following clearance from the Australian Competition and Consumer Commission on May 22, the filing added.The company's shares rose around 2% in recent Monday trade.

Canaccord Genuity Downgrades Elders to Hold from Buy, Price Target is AU$5.34

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

(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.

ASX Preview: Australian Shares Set to Fall on Escalating Middle East Conflict Fears; Elders Posts Lower Fiscal H1 Underlying Earnings, Higher Revenue

Australian shares are poised to fall on Monday as heightened Middle East tensions, including reported drone strikes near a nuclear facility in the United Arab Emirates and US-Iran warnings over escalation, raise fears of disruption to Gulf energy infrastructure and the Strait of Hormuz, pushing oil prices higher.In the macroeconomy, the Reserve Bank of Australia's final report on Project Acacia is due at 11:30 am Sydney time.In corporate news, Elders (ASX:ELD) reported Monday fiscal first-half underlying earnings of AU$0.181 per share on revenue of AU$1.77 billion, compared with underlying earnings of AU$0.188 on revenue of AU$1.34 billion a year earlier.ALS (ASX:ALQ) reported Monday fiscal year 2026 underlying earnings of AU$0.753 per share on revenue of AU$3.32 billion, compared with underlying earnings of AU$0.621 on revenue of AU$3 billion a year earlier.Australia's benchmark index fell 0.1% or 9.9 points to close at 8,630.80 on May 15.

Elders Posts Lower Fiscal H1 Underlying Earnings, Higher Revenue

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.

Elders to Sell Adjoining Sheep Stations in South Australia

Elders (ASX:ELD) has been appointed by Jumbuck Pastoral to sell adjoining sheep stations for house wool and sheep meat production in South Australia's Far North pastoral zone, the agribusiness company said in a statement on Monday.The 1.3 million-hectare assets comprise Commonwealth Hill, Mobella, and Bulgunnia, with a combined capacity for over 83,300 sheep, the company said.