Elders

It may be a season to be jolly after all for Elders (ELD) shareholders as it reported profit improvements for the first two months of its fiscal year after declaring a $395 million loss in the previous year that caused them to sell its forestry assets.

Adelaide-based rural services and automotive group Elders (ELD) is still keeping a positive outlook after declaring a $395.4 million annual loss for the year to September 2011.

From the company's $217.6 million loss during the previous period to this year's bigger loss, Elders forestry assets are now being sold off after contributing $335.4m of this year's deficit. $64.6m of the deficit came from other non-recurring items and discontinued operations.

With a $14.6 million loss in the first half, agribusiness company Elders (ELD) has downgraded its underlying profit forecast for the full year.

For the six months to end of March, Elders booked a similar $165.9 million loss from the previous corresponding period. Without one-off items, first-half underlying profit was $1 million, an increase from the previous period loss of $2.4 million.

Australia based Elders (ELD), the company which focuses on core rural and automotive operations saw its market capitalisation reducing to half based on the news of an impending loss for the year to September 30. Malcolm Jackman, the chief executive of the company has announced yesterday that the company may post a loss within the range of $8 million and $14 million for the year where less than a month ago he informed the investors that the turnaround of the company was right on track.

iSOFT Group Limited (ISF), a company that is involved in the business of supplying software and IT solutions to healthcare providers was the worst performer in the ASX200 list for the week. The company had a market capitalisation of $254.3 million and lost 26.9 percent to its stock price closing for the week at 25 cents. These stocks traded for 34 cents a week earlier.

Energy Resources of Australia (ERA), one of the major producers of Uranium of the international market was the worst performer in the ASX200 list for the 14th week. The company had a market capitalisation of $3376.1 million and lost 9.3 percent to its stock price and was closed for the week at $17.70. The ERA stocks were traded at $19.51 during the last week.

Energy Resources of Australia (ERA), one of the primary producers of Uranium of the world was the worst performer of the ASX100 list for the 12th week of 2010. The company lost 5.9 percent or $1.20 to its stock price and was closed for the week at $18.90.

Babcock & Brown Infrastructure Group (BBI), a company that focuses in the business of acquisition, management and operation of quality infrastructure assets in Australia and in the international arena was the worst performer in the Australian Stock Exchange for the week that lost 20.8 percent to its stock price closing the week at 4 cents. The company closed at 5 cents in the previous week. The market capitalisation of Babcock & Brown was $108.9 million.