. GrainCorp Ltd (ASX:GNC) has posted a 66 per cent improvement in first half net profit and boosted its full year guidance. In the six months to 31 March the grain producer’s net profit rose to $88 million, from $35 million the year before.CEO and managing director Alison Watkins says earnings were boosted by the record eastern Australian winter crop harvest.Full year net profit is now expected to reach between $145 million to $165 million, up $30 million from previous guidance. A fully-franked interim dividend of $0.15 per share has been declared in addition to a fully-franked special dividend of $0.05 cents per share.In the 2010 financial year GrainCorp posted a net profit of $80.2 million.
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