Nov 14 (Reuters) - Graincorp Ltd (GNC) :
- FY REVENUE FROM ORDINARY ACTIVITIES UP 14% TO $4849.7 MILLION
- LOSS FOR YEAR ATTRIBUTABLE $113.0 MILLION VERSUS PROFIT OF $70.5 MILLION
- BASED ON INDEPENDENT CROP FORECASTS, FY20 WINTER CROP TO BE SIGNIFICANTLY BELOW AVERAGE IN EASTERN AUSTRALIA
- IN FY20 WESTERN AUSTRALIAN AND SOUTH AUSTRALIAN CROPS ALSO EXPECTED TO BE BELOW AVERAGE
- AS A RESULT OF FINANCIAL PERFORMANCE IN FY19, BOARD DETERMINED GRAINCORP WILL NOT PAY DIVIDEND FOR PERIOD
- EXPECTS LOW LEVELS OF GRAIN CARRY-IN IN EASTERN AUSTRALIA & SUPPLY DEFICITS IN SOME REGIONS IN EASTERN AUSTRALIA DUE TO DROUGHT
- EXPECTS FURTHER GRAIN TRANS-SHIPMENTS FROM WESTERN AUSTRALIA, SOUTH AUSTRALIA AND VICTORIA THROUGHOUT FY20
- EXPECTS CONTINUED HIGH UTILISATION OF MALTING PLANTS & CONTINUATION IN SOLID DEMAND FOR MALT & BREWING INGREDIENTS
- PROPOSED DEMERGER OF MALT BUSINESS TO BE IMPLEMENTED BY SCHEME OF ARRANGEMENT, WITH SCHEME BOOKLET EXPECTED TO BE SENT IN Q1 OF CY2020
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