November 13, 2019 / 10:46 PM / a month ago

Australia's GrainCorp swings to annual loss

Nov 14 (Reuters) - Australian bulk grain handler GrainCorp Ltd swung to an annual loss on Thursday, as a drought in eastern Australia crimped production.

Underlying net loss after tax came in at A$82 million ($56.21 million) for the year ended Sept. 30, compared with a profit of A$71 million a year ago.

The company said in a statement it will not pay a dividend for the period due to its financial performance. ($1 = 1.4588 Australian dollars) (Reporting by Shriya Ramakrishnan in Bengaluru Editing by Chris Reese)

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