GrainCorp First Half Profits Fall
Australia-based GrainCorp reports net profits for the first half of the year of $3.3 million in U.S. dollars. That's down 92 percent from one year ago. Company officials cite an oversupply of grain globally.
Articles tagged under: GrainCorp
A Demerger for GrainCorp
The Australian company, GrainCorp, plans to split off its malting business from its grain handling, storage and processing business. GrainCorp CEO Mark Palmquist said there are benefits to operating those two businesses separately. With this proposal, a new malting and…
Takeover Bid Made for GrainCorp
The Australian grain handling company, GrainCorp, has received an unsolicited takeover bid of $1.7 billion. An investment firm called Long-Term Asset Partners is making the offer. The Australian government blocked a similar proposal from Archer Daniels Midland in 2013. The…
Dry Conditions Impact GrainCorp Financials
For the first six months of its fiscal year, the Australian-based GrainCorp had net profits of $27 million. That’s down from $68 million last year. The grain handling company was hurt by a 40 percent decline in crop production for…
