Brief: Graincorp Sees FY22 Underlying EBITDA Range A$590-670 Million

Graincorp

08/04/2022 02:22

April 8 (Reuters) - Graincorp Ltd  GNC.AX :
    * SEES EXPECTED RANGE FOR FY22 UNDERLYING EBITDA IS
INCREASED TO
A$590-670 MILLION
    * EXPECTS FY22 UNDERLYING NPAT TO A$310 MILLION-A$370
MILLION
    * RECENT WEATHER PATTERNS AND CONTINUED LA NINA CONDITIONS
HAVE
PROVIDED EXCELLENT PLANTING CONDITIONS FOR 2022 WINTER CROP TO
DATE
    * DESPITE RECENT WEATHER-RELATED SUPPLY CHAIN DISRUPTIONS
ACROSS
EAST COAST AUSTRALIA, CONTINUING TO OPERATE PORTS AT CLOSE TO
FULL CAPACITY
    * CONFLICT IN UKRAINE AND RESULTING TRADE DISRUPTIONS IN
BLACK SEA
REGION HAVE CREATED UNCERTAINTY IN GLOBAL GRAIN MARKETS
    * CONFLICT IN UKRAINE AND RESULTING TRADE DISRUPTIONS IN
BLACK SEA
HAS FURTHER INCREASED DEMAND FOR AUSTRALIAN GRAIN AND OILSEEDS

Source text for Eikon:  ID:nASX8ZxWbk 
Further company coverage:  GNC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))