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GrainCorp adjusted full-year net profit down 15 pct
date:Nov 14, 2013
GrainCorp, the largest grains handler on Australia's east coast, said on Thursday a 15 percent drop in adjusted full-year net profit after a smaller harvest dented revenues and said it faced a tougher period ahead as drought and frosts affected yields. Theadjusted net profit totalled A$175 million ($162.7 million) down on the record adjusted net profit of A$205 million reported last year. Analysts' average forecasts were for a net profit of A$173.4 million, according to Thomson Reuters I/B/E/S d

12/23 02:55