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BRIEF-GrainCorp says FY net profit down 36.2% to A$32.1 million

Published 12/11/2015, 09:20 am
© Reuters.  BRIEF-GrainCorp says FY net profit down 36.2% to A$32.1 million
GNC
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Nov 12 (Reuters) - Graincorp Ltd GNC.AX :

* Appendix 4e and annual report GNC.AX

* FY revenue from ordinary activities down 0.2% to A$4.09 billion

* FY net profit for the period attributable to owners of Graincorp down 36.2% to A$32.1 million

* Says final dividend per share 2.5 cents

* Continued high capacity utilisation expected for crushing facilities and bulk liquid terminals

* Lower than average forecast grain production in eastern Australia and lower carry-in of 1.6 mmt will put pressure on country grain receivals and export volumes in FY 2016

* Domestic competition and demand for crushed and refined products will continue to influence performance

* Says expect 2016 to be another year impacted by lower grain production

* Says outlook for marketing will remain challenging in the near term

* FY 2016 earnings expected to continue to be supported by value add product initiatives and ranges such as frozen bakery products

* Source text for Eikon ID:nASX4ldV8V

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