Ann: FY22 Results Announcement, page-18

AUST today (extract):
BUMPER RESULTS FOR BIG GRAIN HANDLER

ELI GREENBLAT
Swollen volumes of grain pouring through its processing facilities, higher exports and a leap in oilseed crush has helped GrainCorp sidestep the disruptions caused by the war in Ukraine and Covid-19 to post record profitability for 2022 and shower investors with a special dividend.
GrainCorp, the largest grain storage and handling business in eastern Australia and the leading edible oil processor and oilseed crusher in Australasia, has also provided upbeat growing forecasts for the year ahead.
Although recent heavy rainfall across large parts of the eastern coast has delayed the harvest by several weeks and posed challenges for growers, weather conditions are favourable for the winter harvest and government agencies are currently predicting another well-above average crop.
On Wednesday, GrainCorp posted a 43.3 per cent increase in full-year revenue to $7.868bn for the year to September 30, as net profit rose more than 100 per cent to $380.4m.
Investors will benefit from the bumper result, with GrainCorp declaring a final dividend of 30c per share comprising a final ordinary dividend of 14c per share, fully franked, as well as a special dividend of 16c per share, fully franked.
Both the final and special dividend will be paid on December 14 with shareholders benefiting from the $50m on-market share buyback that was announced in November and was completed in July.
“GrainCorp delivered a record result in fiscal 2022, with earnings up more than 100 per cent on last year,” GrainCorp chief executive Robert Spurway said.
“The result reflects the quality of our businesses and infrastructure assets, our operational performance, and the capability of our teams. Each of our business segments recorded an increase in activity and volumes, with more grain handled and exported, higher oilseed crush volumes and stronger foods sales.”
Mr Spurway said GrainCorp worked hard to navigate supply chain challenges and continue delivering for customers, while effectively managing costs and broader inflationary pressures.
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“Overall, GrainCorp is well positioned for the new financial year, with our businesses performing well, a strong balance sheet and pipeline of growth opportunities,” Mr Spurway said.