News: GrainCorp to announce HY profit

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    GrainCorp Limited (ASX:GNC) will be posting its half-year profit this week with the grains handler under pressure to declare a special dividend to shareholders.



    Brokers are predicting a net profit of about $115 million and some analysts forecasting an interim dividend of $0.25 a share.



    Takeover speculation has surrounded the company recently after commodities giant Glencore said it would purchase Canadian- based Viterra Inc.(ASX:VTA).



    In the 2011 financial year, Graincorp reported a net profit of $171.6 million.



     





     


 
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