Brief: Graincorp Ltd Says Expect FY23 NPAT Of A$220 - A$260 Mln

Graincorp

11/05/2023 02:44

May 11 (Reuters) - Graincorp Ltd  GNC.AX :
    * SEES FY23 NPAT OF A$220 - A$260 MILLION
    * HALF-YEAR EBITDA A$383 MILLION VERSUS A$427 MILLION
    * 1H23 DIVIDEND 24 AU CENTS PER SHARE (CPS) FULLY FRANKED
    * HY NET PROFIT AFTER TAX A$200 MILLION VERSUS $246 MILLION
    * EXPORT PROGRAM RAN AT CLOSE TO FULL CAPACITY WITH 4.4MMT
OF
GRAIN AND OILSEEDS EXPORTED DURING HALF
    * SEES FY23 EBITDA OF A$500 - A$560 MILLION
    * DURING HALF EXPORT SUPPLY CHAIN MARGINS REMAINED SOLID,
ALBEIT
NOT AT LEVELS WE EXPERIENCED LAST YEAR
    * EXPECT STRONG EXPORT PROGRAM TO CONTINUE IN SECOND HALF
    * GOOD ONGOING DEMAND FOR AUSTRALIAN GRAIN AND OILSEEDS,
SUPPORTED
BY A THIRD BUMPER CROP IN EAST COAST AUSTRALIA IN HY
    * NET WORKING CAPITAL EXPECTED TO UNWIND AS COMMODITY PRICES
AND
EXPORT ACTIVITY NORMALISE

Source text for Eikon:  ID:nASXSSTXb 
Further company coverage:  GNC.AX 

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