GNC graincorp limited
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News: GNC Graincorp Ltd Now Expects To Report Underlying EBITDA For FY19 In Range Of $65 Mln -$85...

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    02/08/19
    09:15
    Post #: 39824362

    Aug 2 (Reuters) - Graincorp Ltd (GNC) :

    • NOW EXPECTS TO REPORT UNDERLYING EBITDA FOR FY19 IN RANGE OF $65-85 MILLION
    • "WE EXPECT TO SHIP 2.3 MILLION TONNES OF GRAIN FROM SOUTH AND WESTERN AUSTRALIA TO MEET EAST COAST DOMESTIC DEMAND"
    • NEW CROP TRADING OPPORTUNITIES IN Q4 ARE NO LONGER EXPECTED TO MATERIALISE
    • EXPECTS FY NEGATIVE EBITDA FROM ONGOING DISRUPTION OF INTERNATIONAL GRAIN TRADE FLOWS & AUSTRALIAN WHEAT MARKETS TO INCREASE TO $60-70 MILLION
    • EXPECTS FY19 UNDERLYING NET LOSS AFTER TAX IN RANGE OF $70-90 MILLION
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