Brief: Graincorp Says FY NPAT A$380 Million Versus A$139 Million

Graincorp

16/11/2022 01:15

Nov 16 (Reuters) - Graincorp Ltd  GNC.AX :
    * FY NPAT A$380 MILLION VERSUS A$139 MILLION
    * DECLARES DIVIDEND OF 54 AU CENTS PER SHARE FULLY FRANKED
FOR
FY22
    * FY EBITDA A$703 MILLION VERSUS A$331 MILLION
    * ECA CONDITIONS HAVE BEEN FAVOURABLE LEADING INTO 2022/23
WINTER
HARVEST, WITH ABARES CURRENTLY FORECASTING ANOTHER WELL
ABOVE-AVERAGE CROP
    * WE EXPECT A LARGE EXPORT PROGRAM TO CONTINUE THROUGHOUT
FY23
    * MARGINS ACHIEVED IN THE FIRST HALF OF FY22 MODERATED IN
THE
SECOND HALF AS EXPECTED
    * ECA FLOODING HAS IMPACTED A NUMBER OF REGIONS AND DELAYED
HARVEST BY SEVERAL  WEEKS
    * EXPECT FLOODING TO IMPACT BOTH YIELD AND QUALITY IN PARTS
OF
ECA, WITH HIGHER LEVEL OF FEED-GRADE RECEIVALS
    * ANTICIPATE CONTINUED GOOD DEMAND FOR  AUSTRALIAN GRAIN AND
OILSEEDS IN FY23, INCLUDING FEED GRADES

Source text for Eikon:  ID:nASX37jMM0 
Further company coverage:  GNC.AX