El­ders loses

South Burnett Times - - NEWS -

RU­RAL busi­ness heavy­weight El­ders has been forced to pay out $2.7 mil­lion over a dis­pute about its live cat­tle ex­ports to China. The ail­ing listed com­pany on Wed­nes­day up­dated the stock ex­change on the dis­pute, which arose from breeder con­tracts over dairy cat­tle ex­ported to China in 2012-13. The pay­out, against which El­ders has put in a counter claim, was in line with com­pany ex­pec­ta­tions.

Also, a $10 mil­lion feed­lot sale adds $3.1 mil­lion in prof­its to El­ders’ bot­tom line.

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