GrainCorp Limited (ASX: GNC) has reported full-year results for the period ended 30 September 2019. GNC has noted that its earnings during the year were adversely impacted by one of the worst droughts in Eastern Australia, and significant disruptions in the global grain market.
- Revenue increased 14% over FY 2018 to $4,849.7 million.
- Statutory net loss after tax was $113 million compared to net profit after tax of $71 million in the previous year.
- No dividends have been announced by the company.
By 1:13 PM AEST, GNC was trading at $7.77, up by 4.57% relative to the previous close.