Australia's Graincorp lifts annual profit forecast for second time
09/08/2022 23:36
Aug 10 (Reuters) - Australia's Graincorp GNC.AX on
Wednesday raised its annual profit forecast for the second time,
helped by the robust performances of its agribusiness and
processing businesses and expectations of above average East
Coast Australian (ECA) crop.
The company said it now expects fiscal 2022 underlying net
profit after tax of A$365 million to A$400 million ($254.1
million to $278.5 million), compared with its earlier forecast
of A$310 million to A$370 million.
($1 = 1.4364 Australian dollars)
(Reporting by Shashwat Awasthi; Editing by Krishna Chandra
Eluri)
((Shashwat.Awasthi@tr.com))