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.
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