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Graincorp Limited Class A ( (AU:GNC) ) has provided an update.
GrainCorp Limited’s FY24 annual general meeting highlighted the company’s resilience and consistent performance amidst challenging industry conditions. The company reported a solid financial outcome with an underlying EBITDA of $268 million and a net profit after tax of $77 million, supported by strategic initiatives and a refreshed strategy focusing on enhancing, expanding, and evolving their operations. Additionally, GrainCorp made significant progress in sustainability efforts, preparing for the upcoming Australian Sustainability Reporting Standards, and concluded the year with a strong financial position, allowing for a substantial dividend payout.
More about Graincorp Limited Class A
GrainCorp Limited is a leading company in the agriculture industry, primarily focused on providing high-quality grower and customer services. It operates a vast network to ensure efficient operations and is committed to sustainable and innovative practices in agriculture, aiming to position itself as a leader in the industry.
YTD Price Performance: -0.66%
Average Trading Volume: 15,471
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.04B
For detailed information about GNC stock, go to TipRanks’ Stock Analysis page.
