Subscribe to RSS feedGrainCorp upgrades profit forecast
by
Sineva Toevai
—
last modified
Aug 03, 2009 01:41 PM
GrainCorp has increased its 2009 net profit forecast by as much as 50% as demand from new bulk and wheat exporters generated a better than expected level of grain receivals.
GrainCorp now expects after tax profit for the year ending September 30 to be $53m-$63m, compared with an earlier forecast of $37m-$42m in May.
Grain receivals were on target to exceed 9.5m tonnes this year and export tonnages were poised...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
