|Bid||8.06 x 0|
|Ask||8.23 x 0|
|Day's range||8.06 - 8.25|
|52-week range||7.17 - 10.55|
|PE ratio (TTM)||15.08|
|Earnings date||11 May 2018|
|Forward dividend & yield||0.43 (5.21%)|
|1y target est||8.43|
A large grain harvest and higher export volumes have boosted GrainCorp's full-year profit, but the crop in the year ahead is expected to be substantially smaller due to prolonged dry weather. The grains handler and malt producer made a net profit of $125.2 million in the year to September 30, up from $31 million a year earlier. Chief executive Mark Palmquist said it was a near-record crop in eastern Australia in 2016/17, and GrainCorp Malt experienced solid demand from craft beer makers and distillers.
Grains handler and maltster GrainCorp's full-year profit has more than quadrupled, helped by a large grain harvest and higher export volumes but shares have slipped on the company's downbeat outlook. GrainCorp says the crop in the current fiscal year is expected to be substantially smaller in eastern Australia, with production skewed to Victoria and southern NSW, and resulting in a below-average exportable surplus. GrainCorp's net profit for the year to September 30 lifted to $125.2 million, from $31 million a year earlier.
Bulk grain handler GrainCorp's full-year profit has more than quadrupled to $125.2 million helped by a large grain harvest and higher export volumes. Revenue for the year to September 30 was up 10 per ...
A batch of barley that lay forgotten for almost 100 years in storage at farm in Portland, Oregon, has found new life - thanks to booming demand for craft beer.