Nov 12 (Reuters) - GrainCorp Ltd (GNC) on Thursday posted a smaller annual loss compared with the previous year and declared a dividend, as restructuring efforts by the Australian bulk grain handler and stronger oilseed crush volumes and margins helped.
Underlying net loss after tax from continuing operations was A$16 million ($11.65 million) for the year ended Sept. 30, smaller than A$158 million posted last year that was caused by an extended period of drought in eastern Australia.
The company declared a dividend of 7 cents per share for the full year. It did not pay last year.
($1 = 1.3731 Australian dollars)
News: GNC Australia's GrainCorp's annual loss shrinks, pays dividend as restructuring helps
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Mkt cap ! $1.711B | |||
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