Australia's Graincorp hits 1-year low as profit forecast misses estimates

Graincorp

13/02/2025 01:24

** Shares of agribusiness company Graincorp  GNC.AX  fall as
much as 8.8% to A$6.750, their lowest since February 14, 2024
    ** Co expects to post FY25 underlying NPAT of between A$60
million ($37.67 million) and A$95 million
    ** Co's NPAT forecast misses Visible Alpha consensus
estimate of A$111 million profit in FY25
    ** Announces up to A$50 million share buy-back
    ** Stock among worst performers on ASX 200 benchmark index
 .AXJO 
    ** Trading volumes 2.9 times the 30-day average of 679,938
shares
    ** Stock down ~7% YTD, including day's moves


($1 = 1.5929 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com))