In This Article:
GrainCorp (ASX:GNC) Full Year 2024 Results
Key Financial Results
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Revenue: AU$6.51b (down 21% from FY 2023).
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Net income: AU$61.8m (down 75% from FY 2023).
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Profit margin: 0.9% (down from 3.0% in FY 2023).
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EPS: AU$0.28 (down from AU$1.12 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GrainCorp Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 8.6%.
The primary driver behind last 12 months revenue was the Agribusiness segment contributing a total revenue of AU$4.96b (76% of total revenue). Notably, cost of sales worth AU$5.86b amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to AU$392.5m (60% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of AU$61.5m. Explore how GNC's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Consumer Retailing industry in Australia are expected to grow by 3.0%.
Performance of the Australian Consumer Retailing industry.
The company's shares are down 8.4% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for GrainCorp (1 doesn't sit too well with us!) that we have uncovered.
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