GNC 5.12% $8.15 graincorp limited

News: GNC Graincorp Updates On Fy18 Guidance & Provides Seasonal Update

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    Sept 6 (Reuters) - Graincorp Ltd (GNC) :

    • GRAINCORP LIFTS FY18 GUIDANCE & PROVIDES SEASONAL UPDATE
    • LIFTED EARNINGS GUIDANCE FOR YEAR ENDING 30 SEPTEMBER TO $255 MILLION TO $270 MILLION UNDERLYING EBITDA AND $60 MILLION TO $75 MILLION UNDERLYING NPAT
    • "EXPECT A CONSIDERABLE DECLINE IN GRAIN PRODUCTION IN EASTERN AUSTRALIA IN FY19"
    • "DUE TO SMALL CROP OUTLOOK, GRAINCORP'S TAKE-OR-PAY RAIL CONTRACTS WILL AGAIN PRESENT A SIGNIFICANT CHALLENGE FOR GRAINS BUSINESS"
 
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