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Graincorp Ltd (GNC.AX)

GNC.AX on Australia Stock Exchange

9.17AUD
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Graincorp says Don Taylor will retire as chairman
Tuesday, 28 Feb 2017 05:38pm EST 

Graincorp Ltd - : Don Taylor will retire as chairman .Graham Bradley will assume role of chairman.  Full Article

Graincorp says Don Taylor to retire as chairman
Thursday, 23 Feb 2017 06:11pm EST 

Graincorp Ltd : Chairman transition and fy17 earnings guidance . Don Taylor has indicated his intention to retire as chairman and director of Graincorp effective from 1 May 2017 . Taylor will be succeeded by experienced company director Graham Bradley Am. . Expects to report fy17 underlying ebitda in range of $385 million to $425 million . Sees fy17 underlying npat 2 of $130 million to $160 million (fy16: $53 million) .Company intends to appoint Bradley to Graincorp board on 1 March 2017 and he will assume chairmanship following Taylor's retirement.  Full Article

Accc ends surcharge investigation on Graincorp
Monday, 19 Dec 2016 08:28pm EST 

Australian Competition and Consumer Commission : Surcharge related to outloading grain delivered by rail from garincorp's upcountry storage and handling facilities to rival port terminals . Ended its investigation into a surcharge formerly imposed by graincorp upon customers ."Notes graincorp’s decision to remove the surcharge, and therefore does not intend to investigate this issue further".  Full Article

Graincorp notes that ADM has sold its 19.9 pct stake in company
Thursday, 1 Dec 2016 06:00pm EST 

Graincorp Ltd : Sale of Archer Daniels Midland stake in Graincorp . Graincorp notes statement from ADM that it has sold its 19.9% stake in Graincorp . Deal for a total value of about A$387 million .ADM will sell its stake for price of A$8.53 per share.  Full Article

Graincorp FY net profit down 3.7 pct to A$30.9 mln
Tuesday, 15 Nov 2016 05:28pm EST 

Graincorp Ltd : FY net profit for period attributable to owners of graincorp down 3.7% to A$30.9 mln . FY revenue from ordinary activities up 1.8 percent to A$4.16 billion . Has declared a final dividend of 3.5 cents per share . expect to face continued challenges such as low global grain prices and a global oversupply of grain .We expect 2017 to be a stronger year for the grains businesses.  Full Article

GrainCorp says AGC is withdrawing its proposal to commercialise Co-Operative Bulk Handling Ltd
Monday, 19 Sep 2016 02:44am EDT 

Graincorp Ltd : AGC is withdrawing its proposal to commercialise Co-Operative Bulk Handling Ltd . Will remain open to considering opportunities to support the growth and transformation of Australian agriculture . Says consortium partners have agreed to conclude their agreement with agc. .  Full Article

Graincorp updates on FY16 outlook
Tuesday, 10 May 2016 06:56pm EDT 

Graincorp Ltd : FY 2016 capexwill include about $195M -$235M growth capex . FY 2016 earnings guidance affirmed" . Sees FY underlying npat (before significant items) of $40M -$55M . new refining and packaging infrastructure delivers significant efficiencies and will commence with modest contribution to earnings uplift in second half .  Full Article

GrainCorp Ltd posts HY NPAT of $20.4 million
Tuesday, 10 May 2016 06:52pm EDT 

Graincorp Ltd : Appendix 4d and interim financial report to 31 March 2016 . Recorded statutory net profit after tax of $20.4 million for the half year ended 31 March 2016 . HY revenue from ordinary activities up 4.8% to $2.07 billion . Says interim fully franked dividend for the half year ended 31 March 2016 of 7.5 cents .  Full Article

AMP Limited and its related bodies corporate becomes initial substantial holder of GrainCorp Ltd
Thursday, 28 May 2015 02:03am EDT 

GrainCorp Ltd:Says that AMP Limited and related bodies corporate becomes initial substantial holder of the company effective May 27 with 11,560,496 ordinary shares and 5.05 pct voting power.  Full Article

GrainCorp Ltd announces expansion of North American malt production capacity
Monday, 18 May 2015 07:42pm EDT 

GrainCorp Ltd:Says significant expansion of malt production capacity at its Great Western Malting facility in Pocatello, Idaho.Says that project will increase capacity at Pocatello by 120,000 tonnes, bringing total annual malting capacity of facility to 220,000 tonnes.  Full Article

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Australia's GrainCorp expects profit to double on back of bumper crop

SYDNEY, Feb 24 Australia's largest listed bulk grain handler, GrainCorp Ltd, said on Friday it expects profits to more than double in 2017 due to a bumper wheat crop.