GrainCorp Limited (ASX: GNC) upgraded its earnings guidance for FY2022. It also provided update on its trading conditions. Earlier it provided its earning guidance on 07 February 2022.
The company expects its FY22 underlying EBITDA for FY2022 in between AU$590-AU$670 million, which was AU$480-AU$540 million previously. The underlying NPAT increased from AU$235-AU$280 million to AU$310-AU$370 million.
Now, the Company anticipates to see total receivals of 16.0mmt to 17.0mmt and exports of 8.5mmt to 9.5mmt for FY22.
At AEST 03:20pm, GNC shares are trading at AU$9.20, up 5.87% from the previous close
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