May 14 (Reuters) - Australia's GrainCorp Ltd (GNC) said on Thursday higher rainfall boosted the bulk grain handler's output, helping it post a first-half profit in its first results after the demerger of its malting division.
Underlying net profit after tax came in at A$55 million ($35.46 million) for the six months ended March 31, compared with a loss of A$48 million reported last year.
The company did not declare a dividend for the half-year.
($1 = 1.5511 Australian dollars)
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