May 11 (Reuters) - Graincorp Ltd (GNC) :
- "EARNINGS WERE LOWER YEAR-ON-YEAR DUE TO SIGNIFICANT REDUCTION IN CROP PRODUCTION IN EASTERN AUSTRALIA"
- "OUR STAY-IN- BUSINESS CAPEX IN FY18 IS EXPECTED TO BE $50 MILLION- $70 MILLION"
- RE-CONFIRMED 2018 FULL YEAR EARNINGS GUIDANCE OF $240-$265 MILLION UNDERLYING EBITDA AND $50-$70 MILLION UNDERLYING NPAT
- "AS OF 11 MAY, PREVAILING DRY CONDITIONS ACROSS MOST OF EAST AUSTRALIAN GRAIN BELT ARE PRESENTING SERIOUS CHALLENGES FOR GRAIN GROWERS"
- "IN EVENT OF A SMALLER HARVEST, OUR EXISTING TAKE-OR-PAY RAIL CONTRACTS WILL PRESENT A CHALLENGE, HOWEVER THESE COMMITMENTS EXPIRE IN FY19"
- "ON TRACK TO DELIVER $25-30 MILLION IN PRE-TAX BENEFITS WITHIN 18 MONTHS"
- SEES FY18 COMMITTED GROWTH CAPEX OF $80-100 MILLION
- STAY-IN-BUSINESS CAPEX EXPECTED TO REMAIN AT SIMILAR LEVELS FOR NEXT FEW YEARS
News: GNC Graincorp Re-Confirms FY2018 Earnings Guidance Of $50 Mln To $70 Mln Underlying NPAT
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$7.59 |
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Mkt cap ! $1.687B | |||
| Open | High | Low | Value | Volume |
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