Archive for February 27th, 2015

SYDNEY, AUSTRALIA — GrainCorp said on Feb. 27 that it expects its earnings for 2015 to fall to a five-year low due to drought on the east coast of Australia that has curbed grain production.

The company said it expected earnings before interest, tax, depreciation and amortization of A$240 million to A$270 million ($187 million to $211 million) for the year that ends in June, as much as 18% below last year’s A$293 million.

GrainCorp Managing Director & Chief Executive Officer Mark ...