Australia's Graincorp falls as rains dampen harvest by several weeks
16/11/2022 24:55
** Shares of Graincorp Ltd GNC.AX down as much as 4.3% to
their lowest since Oct 27
** The agribusiness co says recent heavy rainfall in East
Coast Australia (ECA) has delayed harvest by several weeks
** Says it expects flooding to impact both yield and quality
in parts of ECA, with a higher level of feed-grade receivals
** Says expects a large export program to continue
throughout FY23
** Co reports FY22 NPAT of A$380 mln ($256.27 mln) vs A$139
mln
** Reports FY EBITDA of A$703 mln vs A$331 mln
** Declares a final ordinary dividend of 14 au cents per
share and final special dividend of 16 au cents per share
** Graincorp stock down about 2% this year, as of last close
($1 = 1.4828 Australian dollars)
(Reporting by Echha Jain in Bengaluru)
((Echha.jain@thomsonreuters.com))