GrainCorp profit downgrade casts doubt over earnings target
Brad ThompsonReporter
GrainCorp faces questions over its ability to live up to its earnings target after slashing guidance for financial year 2024, as grain handling margins tumble and Western Australia suffered drier conditions.
The east coast grain handler downgraded full-year earnings and net profit guidance on Monday, pointing to a steep fall in farm production in Australia and stronger global supply of wheat and oilseeds.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Agriculture
Fetching latest articles