BUZZ-Australia's Graincorp hits 1-year low as profit forecast misses estimates

Reuters
02-13
BUZZ-Australia's Graincorp hits 1-year low as profit forecast misses estimates

** Shares of agribusiness company Graincorp GNC.AX fall as much as 8.8% to A$6.750, their lowest since February 14, 2024

** Co expects to post FY25 underlying NPAT of between A$60 million ($37.67 million) and A$95 million

** Co's NPAT forecast misses Visible Alpha consensus estimate of A$111 million profit in FY25

** Announces up to A$50 million share buy-back

** Stock among worst performers on ASX 200 benchmark index .AXJO

** Trading volumes 2.9 times the 30-day average of 679,938 shares

** Stock down ~7% YTD, including day's moves

($1 = 1.5929 Australian dollars)

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com))

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