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Earnings Analysis: 
Elders Sales Up 3%; Leighton Net Up 82%
Author: Trupti Mehta
123jump.com
Last Update: 6:49 AM ET May 17 2010



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Elders Limited first half revenues rose 3% to A$1.04 billion and net profit was A$165.9 million or 41.0 cents a share. Leighton Holdings Limited nine months revenues fell 3% to A$13.3 billion and net profit rose 82% to A$400.0 million.

 
8:50 PM Sydney, Australia – Elders Limited revenue rose 3% revenues rose 3%. Leighton Holdings Limited revenue fell 3% and net profit rose 82%.

Elders Limited, a rural services provider said first half revenues rose 3% to A$1.04 billion from A$1.01 billion a year ago. Net loss for the first half was A$165.9 million or 41.0 cents per diluted share compared to net loss of A$328.8 million or 404.3 cents per share a year ago.

Elders Limited, in the last one year traded as high as A$41.70 in January 2010 and as low as A$21.10 in June 2009. Based on the yesterday’s closing price of A$32.56 the company has market cap of A$9.70 billion.

Leighton Holdings Limited, the project developer and contractor said nine months revenues fell 3% to A$13.3 billion from A$13.7 billion a year ago. Net profit for the year rose 82% to A$400.0 million compared to net profit of A$220 million a year ago.

Leighton Holdings Limited, in the last one year traded as high as A$4.30 in August 2009 and as low as A$0.14 in December 2009. Based on the yesterday’s closing price of A$1.08 the company has market cap of A$484.47 million.
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