Company Interview / GrainCorp's resilience amidst dry spell

Key points:

GrainCorp's special dividend cut amid a 75% profit dropResilient balance sheet with opportunities in sustainable aviation fuelCommitment to sustainability with a 5% emissions reduction

GrainCorp (ASX:GNC) faces challenges as its special dividend is trimmed after a significant profit slump. Robert Spurway highlights competition from global grain supplies and variable crop production. The company's 2020 net profit is $62 million, a drop from the previous year.

Robert sees strong resilience in GrainCorp's (ASX:GNC) performance despite global market shifts. The firm maintains a robust balance sheet, attributing recent results to good crop conditions in Queensland and New South Wales. GrainCorp eyes growth areas like sustainable aviation fuel from crop oils.

Looking ahead, Robert notes opportunities in Australian agriculture due to demand from Asia. As climate change affects supply chains, GrainCorp (ASX:GNC) remains firm in advocating for free trade and sustainability. A recent report shows a 5% emissions reduction at processing plants.