The S&P/ASX 200 Index (ASX: XJO) went up more than 1% today in a positive start to the week.
It was another strong day for some of the ASX 200 gold miners. The Saracen Mineral Holdings Limited (ASX: SAR) share price rose by 11.3% and the St Barbara Mining Limited (ASX: SBM) share price went up 7.5%.
Elders Ltd (ASX: ELD) was a top performer within the ASX 200
Agri business Elders reported its half-year result today, causing the share price to rise almost 10%.
Elders reported that statutory net profit after tax (NPAT) went up by 90% to $52 million. Underlying NPAT rose 68% to $47.6 million. Operating cash flow jumped 309% to $27.4 million.
The company declared the same interim dividend as last year at 9 cents per share.
It said that the result reflected a solid performance from its Rural Products with the gross margin boosted by recent winter crop confidence, high prices for both cattle & sheep and steady earnings in Real Estate and Financial Services.
Elders was one of the best performers in the ASX 200.
Virgin Australia Holdings Limited (ASX: VAH) closer to a white knight?
The administrators of Virgin have moved the rescue process to a bidder shortlist.
According to Vaughan Strawbridge, lead partner of the administrators, each bidder is well funded and possesses deep aviation experience. Each of the bidders has a plan which could secure the future of thousands of employees.
The ABC has reported those remaining bidders are Bain Capital and BGH Capital, US aviation firm Indigo Partners, and New York-based investor Cyrus Capital Partners.
Ramsay Health Care Limited (ASX: RHC) keeps making progress
The ASX 200 private hospital operator continues to make announcements regarding agreements it has achieved with health bodies.
Today the healthcare business said it has finalised the agreement with Western Australia and it has also finalised the agreement with NHS England.
The market sent the Ramsay share price up more than 3% today in positive reaction.
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Elders Limited and Ramsay Health Care Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
