GrainCorp First Half 2023 Earnings: EPS: AU$0.90 (vs AU$1.08 in 1H 2022)

GrainCorp (ASX:GNC) First Half 2023 Results

Key Financial Results

• Revenue: AU$4.48b (up 17% from 1H 2022).
• Net income: AU$200.3m (down 19% from 1H 2022).
• Profit margin: 4.5% (down from 6.4% in 1H 2022). The decrease in margin was driven by higher expenses.
• EPS: AU$0.90 (down from AU$1.08 in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GrainCorp Earnings Insights

Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Consumer Retailing industry in Australia are expected to grow by 3.4%.

Performance of the Australian Consumer Retailing industry.

The company's shares are up 18% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with GrainCorp (including 1 which is significant).

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