GrainCorp upgrades its FY22 earnings guidance

GrainCorp Limited (ASX: GNC) announced that it had upgraded its earnings guidance for the 12 months ending 30 September 2022. For FY22, the company anticipates its EBITDA to be in the range of AU$680-AU$730 million  which was previously AU$590-AU$670 million  and its underlying Net Profit After Tax to be in the range of AU$365-AU$400 million (previously AU$310-AU$370 million) The company highlighted that the updated earning guidance represents exceptional implementation across all of its business areas and expectations for the east coast Australian crop in 2022/23.

The company s processing  Fats  and Oils businesses have also continued to perform well, benefitting from robust continued demand for crude & refined vegetable oils and renewable fuel feedstocks.

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