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Australia's Graincorp slips on weak annual results



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** Graincorp GNC.AX falls as much as 4.5% to A$8.45, its largest intraday loss since early May

** Stock second-biggest loser on the benchmark ASX 200 index .AXJO

** Shares hit lowest since Aug. 28

** Agribusiness firm posts annual net profit after tax of A$62 mln ($40.21 mln), a 75.2% drop compared with A$250 mln last year

** Attributes narrowing profit to mixed growing conditions in Australia and challenging operating environment

** Stock up 18.1% YTD, including current session's moves

($1 = 1.5418 Australian dollars)



Reporting by Nikita Maria Jino in Bengaluru

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