GrainCorp Limited (ASX: GNC) reveals its fiscal year 2023 results, featuring a dynamic financial landscape. The report indicates a notable EBITDA of AU$565 million (compared to FY22's AU$703 million), NPAT of AU$250 million (down from FY22's AU$380 million), and a ROIC of 18.6% (decreasing from FY22's 27.9%). Despite these variations, FY23 dividends remain stable at 54 cents per share, with an additional announcement of an AU$50 million on-market share buy-back.
GrainCorp's Managing Director & CEO, Robert Spurway, expresses satisfaction with the company's performance, emphasizing disciplined operational focus, the prowess of their workforce, and sustained momentum. He underscores the strategic initiative of reinforcing the business core through targeted value chain investments and highlights achievements in oilseed crush and grains site optimization, contributing to an enhanced net promoter score. The company's robust balance sheet, boasting core cash of AU$349 million, affords flexibility for both capital returns to shareholders and ongoing growth pursuits.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Oct 22, 2024
Oct 22, 2024
Oct 22, 2024
Oct 22, 2024
Oct 22, 2024
Oct 22, 2024
Oct 22, 2024
Oct 22, 2024
Oct 22, 2024
Oct 21, 2024
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
