GrainCorp to announce HY profit

Company News

GrainCorp Limited (ASX:GNC) will be posting its half-year profit this week with the grains handler under pressure to declare a special dividend to shareholders.

Brokers are predicting a net profit of about $115 million and some analysts forecasting an interim dividend of $0.25 a share.

Takeover speculation has surrounded the company recently after commodities giant Glencore said it would purchase Canadian- based Viterra Inc.(ASX:VTA).

In the 2011 financial year, Graincorp reported a net profit of $171.6 million.

 


 


Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?