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Graincorp Provides Agriculture Conference Presentation

08 Jun 2022  |  08:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Bell Potter 'Home Grown' Agriculture Conference Presentation

Graincorp provided agriculture conference presentation stating the company's strategic initiatives and focus on sustainability. It includes reference to the company's FY22 guidance announced on 11 May 2022. The company advised that in HY22 its EBITDA was $427m whereas its NPAT was reported as $246m. The company had core cash balance of $129m. It had been reported that during the year the company were partnering with CSIRO and v2food to working towards building domestic processing and manufacturing expertise in plant-based proteins. The company had also received $1.8m grant from the Australian Government for researching separation and manufacture of proteins from canola, soy, fava beans and chickpeas.

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