GrainCorp full-year profit dips

Grain handler warns of challenging conditions for growers, still working on ADM takeover bid, posts lift in revenue.

GrainCorp (GNC) has warned of challenging conditions for many growers but says it is on track to deliver the previously announced $110 million in incremental underlying uplift by the end of fiscal 2016, as it posted a dip in full-year profit.

GrainCorp's net full-year profit attributable to members was $140.9 million, a 31.2 per cent drop compared with $204.9 million in the prior year.

The grain handler said its profit was affected by significant items totalling $33.6 million.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles