Australia's GrainCorp slumps as half-yearly profit plunges

Graincorp

14/05/2026 01:42

** Shares of Australia's GrainCorp GNC.AX fall as much as 11.6% to A$5.50, their lowest since late October 2021

** Stock biggest loser on the benchmark index .AXJO, which is down 0.1%

** Agribusiness firm posts 92.1% fall in half-yearly net profit after tax to A$4.6 million ($3.34 million)

** Reports revenue from ordinary activities at A$3.88 billion, 5.1% lower than prior corresponding period

** Declares interim dividend of 14 Australian cents per share, same as the previous year

** GNC stock down 22.3% YTD

($1 = 1.3791 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))