Grain handling company GrainCorp Ltd
(ASX:GNC) has forecast earnings before interest, tax, depreciation and amortisation for the 2010 financial year to come in between $180 million and $210 million.
The company also estimates total grain receivals of between 7 and 8.5 million tonnes for the year.
Managing Director Mark Irwin says that drought conditions in Queensland and NSW has reduced grain receivals in those states, but that conditions in Victoria are better than they have been for the past three seasons.
GrainCorp also says it expects its Malt business to contribute between $100 million and $120 million for fiscal 2010.
GrainCorp posted a profit of $63.16 million for the year ended September 30, 2009.
