GrainCorp posts $31 million profit

GRAINCORP has released its 2016 financial year results, showing an Underlying Earnings Before Interest, Depreciation and Amortisation of $256 million and a Statutory Net Profit After Tax of $31 million. Key points: Underlying EBITDA $256 million (FY15: $235 million) Underlying NPAT $53 million (FY15: $45 million) Statutory NPAT $31 million (FY15: $32 million) Fully franked final dividend of 3.5 cents per share (cps), taking total FY16 dividend payment to 11 cps (FY15 total dividend: 10 cps) Further improvements in safety performance: 29pc reduction in Lost Time Injury Frequency Rate to 2.7 19pc reduction in Recordable Injury Frequency Rate to 11.3…

Source: Grain Central
GrainCorp posts million profit