GrainCorp soars as bumper crop boosts bottom line in Australia

According to The Australian Financial Review, shares in GrainCorp surged more than 10 per cent after the company provided bullish profit guidance, as strong global demand and a bumper crop deliver buoyant conditions for eastern Australia’s largest grain storage and handling player.
Just weeks after an upbeat winter harvest update, GrainCorp on Monday revealed it would report full-year 2022 underlying earnings before interest, taxes, depreciation, and amortisation, of $480 to $540 million, up from $331 million.

https://www.afr.com/companies/agriculture/graincorp-soars-as-bumper-crop-boosts-bottom-line-20220207-p59ug4