GrainCorp. Ltd. reported consolidated earnings results for the first half ended March 31, 2013. For the period, the company reported EBITDA of $227 million compared to $235 million a year ago and net profit after tax of $109 million compared to $122 million a year ago. After significant items, the company recorded a statutory NPAT of $88 million. Revenue from continuing operations was $2,361.3 million against $1,685.9 million for the same period a year ago. Profit before income tax was $131.0 million against $193.1 million for the same period a year ago. Profit from continuing operations was $88.2 million or $38.6 per diluted share against $133.7 million or $66.7 per diluted share for the same period a year ago. Profit attributable to owners of the company was $88.2 million or $38.6 diluted per share against $133.7 million or $66.7 per diluted share for the same period a year ago. Net inflow from operating activities was $57.8 million against $38.6 million for the same period a year ago. Payments for property, plant and equipment was $57.3 million against $51.8 million for the same period a year ago. The company's Board has declared a fully franked interim dividend of 25 cents per share including a special dividend of 5 cents per share, with a payment date of July 19, 2013.

GrainCorp. Ltd., H1 2013 Earnings Call, May 16, 2013

Archer Daniels Midland Company announced that it has completed due diligence on GrainCorp. Ltd. and intends to make a cash offer to acquire the outstanding common shares of the company for AUD 12.20 per share under the terms of the takeover bid implementation deed signed with GrainCorp last week. As part of the agreement, GrainCorp will additionally pay to its shareholders, prior to the completion of the transaction, dividends totaling AUD 1.00 per share. If the regulatory conditions are not achieved by October 1, 2013, GrainCorp will pay an additional dividend of 3.5 cents per share for each full month between October 1, 2013 and the satisfaction or waiver of the regulatory conditions, subject to GrainCorp being profitable over that period.