The east coast grain handling and marketing giant's performance guidance released prior to today's annual general meeting has tipped a net profit after tax of between $165 million and $185m - in similar territory to last financial year's $172m record result.

"The fundamentals and underlying performance of the business are strong," GrainCorp chief executive officer and managing director, Alison Watkins.

Ms Watkins said earnings before interest tax depreciation and amortisation would be in the vicinity of $350m to $380m.

She said GrainCorp had a solid platform for the start of the year, with record grain receivals of six million tonnes providing a boost to storage and handling fees.

Unlike the 2010-11 harvest season when wet weather caused considerable harvest delays throughout the grainbelt the 2011/2012 season benefited from better weather conditions and a more cost-efficient harvest receival program for GrainCorp.

For growers the harvest was smaller than the previous year, but quality in many regions was better.

Country grain storage sites are forecast to receive up to 12.5m tonnes of winter and summer crop harvest in the current trading year.

"We have maintained our country receivals share of around 60 per cent of eastern Australia's crop, and our ports will deliver a second consecutive year of above average grain exports," Ms Watkins said.

The company has about 7 million tonnes of grain shipments currently booked but tips its seaboard terminals will handle between 8.8m and 9.8m tonnes for 2011-12.

Ms Watkins paid tribute to the response of GrainCorp employees to the recent flooding in NSW and Queensland.

"Our thoughts are with our employees, the growers and communities who have been affected by the

floods," she said.

"I'm proud of the action by our people in these regions to secure and minimise the impact on our facilities and I commend their contribution to the community response, including preparations for the

floods and clean-up."