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Graincorp Ltd (GNC.AX)

GNC.AX on Australia Stock Exchange

8.59AUD
18 Aug 2017
Change (% chg)

$-0.11 (-1.26%)
Prev Close
$8.70
Open
$8.56
Day's High
$8.62
Day's Low
$8.50
Volume
668,584
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688,721
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$10.55
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$7.75

Latest Key Developments (Source: Significant Developments)

Graincorp reaffirms FY17 guidance for underlying NPAT and underlying EBITDA
Wednesday, 10 May 2017 08:07pm EDT 

May 11 (Reuters) - Graincorp Ltd :FY17 guidance remains at $130-160 mln underlying NPAT and $385-425m underlying EBITDA.  Full Article

Graincorp says HY net profit for the period attributable up 341.2%
Wednesday, 10 May 2017 07:14pm EDT 

May 11 (Reuters) - Graincorp Ltd :HY net profit for the period attributable up 341.2 pct to $90.0 million.HY revenue from ordinary activities up 18.7 pct to $2.46 billion.Says interim fully franked dividend for half year ended 31 March of 15 cents per share.  Full Article

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

BRIEF-Graincorp reaffirms FY17 guidance for underlying NPAT and underlying EBITDA

* FY17 guidance remains at $130-160 mln underlying NPAT and $385-425m underlying EBITDA Source text for Eikon: Further company coverage: