GNC graincorp limited
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News: GNC Graincorp Completes Sale Of Australian Bulk Liquid Terminals Business To ANZ Terminals

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    31/12/19
    16:30
    Post #: 42179500

    Dec 31 (Reuters) - Graincorp Ltd (GNC) :

    • SALE OF AUSTRALIAN BULK LIQUID TERMINALS BUSINESS TO ANZ TERMINALS COMPLETED
    • TO REPORT AS PART OF HALF-YEAR RESULTS FOR FY2020, A PROFIT BEFORE TAX ON SALE OF ABOUT $93 MILLION
    • GRAINCORP SEES BALANCE SHEET IMPACT ASSOCIATED WITH LEASEBACK TRANSACTION FOR ACCOUNTING TO BE ADDITIONAL RIGHT-OF-USE ASSET OF $38 MILLION
    • ESTIMATED IMPACT ON BALANCE SHEET ASSOCIATED WITH LTSA WILL BE LEASE LIABILITY OF $97 MILLION
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