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.
Subscribe to our English Newsletter
© Japan Australia Business Creators Pty Ltd | All Rights Reserved. Website designed and developed by Japan Australia Business Creators Pty Ltd.