Brief: Graincorp Sees FY22 Underlying EBITDA Raised To A$680-730Mln

Graincorp

09/08/2022 23:27

Aug 10 (Reuters) - Graincorp Ltd  GNC.AX :
    * SEES RANGE FOR FY22 UNDERLYING EBITDA RAISED TO
A$680-730MLN
    * SEES  FY22 UNDERLYING NPAT TO A$365-400 MILLION
    * OPERATING SUPPLY CHAINS AT CLOSE TO FULL CAPACITY
    * EXPECT WELL ABOVE AVERAGE ECA CROP IN 2022/23 BASED ON
CROP
DEVELOPMENT WE HAVE SEEN TO DATE, AND A FAVOURABLE 3-MONTH
RAINFALL OUTLOOK
    * INVESTING IN ADDITIONAL BUNKER STORAGE, GRAIN HANDLING
EQUIPMENT
TO MAXIMISE RECEIVAL CAPACITY AT KEY SITES
    * WELL UNDERWAY WITH OUR RECRUITMENT PROGRAMME TO SOURCE
HARVEST
CASUALS ACROSS ECA
    * POSITIVE OUTLOOK IS DRIVING INCREASE IN Q4 ACTIVITY AND
SUPPORTING EXPORT VOLUMES, FORWARD CONTRACTED GRAIN SALES AND
SUPPLY CHAIN MARGINS

Source text for Eikon:  ID:nASX7HNsgL 
Further company coverage:  GNC.AX 

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