Competitive global markets and challenging weather conditions last year have squeezed profits at GrainCorp, the ASX-listed agribusiness.
The east coast-based grain receival and storage company reported net profit of $61.8 million in the 2024 financial year, a 75 per cent drop from last year’s $250 million.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
