GrainCorp (ASX:GNC) announced its FY18 earnings hit the upper end of its increased guidance range, on the back of an improvement in its malt business and strong contributions from its international trading book.
It reported its net profit after tax (attributable to shareholders) fell 44 per cent, to $71 million in the 2018 financial year (ending 30 September 2018).
It also saw a slump in its revenue, which fell 7 per cent to $4.3 billion.
Its EBITDA hit $269 million.
It reported a final and interim dividend of 8 cents per share (fully franked)
Shares in GrainCorp (ASX:GNC) are trading 1.58 per cent higher to $8.04.