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COPYRIGHT 2003 Asia Pulse Pty Ltd
SYDNEY, Nov 26 Asia Pulse - Grain marketer GrainCorp Ltd (ASX:GNC) has forecast a profit for this year despite recording a loss of $A18.218 million ($US13.05 million) for 2002/03.
However, the group said the 2002/03 result, which represented a 137.4 per cent drop on the previous year, was a "slight improvement" on the company's earlier forecast of a loss of $19-20 million.
"There are no surprises," Graincorp managing director Tom Keene told reporters today.
"We have known for some time now...
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