Sept 12 (Reuters) - Elders Ltd (ELD) :
- Live export update and full year earnings guidance (ELD)
- Underlying EBIT, excluding live export, for FY 2016 in the range of $54-57M"
- Says "we believe that margins are unlikely to recover in the near to medium term"
- Has undertaken full review of live export business and has determined to immediately exit the long haul live export business
- Says to conduct a managed divestment as a going concern of the businesses of short haul and air freight of live animals
- Elders will incur restructuring and exit costs totalling approximately $6M
- Underlying earnings will be increased by amount of full year trading loss from live export business, expected to be in the range of $8-9M
- * (( ))
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$7.68 |
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Mkt cap ! $1.468B | |||
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| ELD (ASX) Chart |