GrainCorp announced its half-year earnings

Australian based grain company, GrainCorp announced its half-year earnings which were generally positive due to the dramatic turnaround in Australian east coast production, high global demand for Australian grains and oilseeds, and despite China’s ban on barley trade. The company reported underlying first half EBITDA at $140M, up from $105M half-year results a year ago. The company also raised its full-year underlying EBITDA forecast to $255-$285M from $230-$270M previously.

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