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Graincorp Provides Investor Presentation

11 May 2017  |  09:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Investor Presentation - Half Year Results to 31 March 2017

Graincorp provided investor presentation. The Company announced fully franked half year 2017 interim dividend of 15 cps. The Company reported HY17 Statutory NPAT of $90m; HY17 underlying earnings of $236M EBITDA and $100M NPAT. Malt sales volumes consistent other than slight reduction from sale of malt plants. The Company also advised on balance sheet and Capex stating that core debt was $654m and net debt was $1,254m, with the half year representing seasonal turnover; Net Debt Gearing peaked during 1H17, remaining below target of 45%. Depreciation & Amortisation higher due to recent capex program.

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