AWB shares have plunged afterthe company downgraded its annual profit guidance after a weak start to the year for its grain marketing business.
The rural services provider says it expects profit before tax and significant items for the full year to September 30 to be within the range of $85 to $100 million.
That's down from the previously advised range of $115 to $140 million.
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AWB reported an annual net loss for the year to the end of September last year of $251 million.
At 1037 AEDT, its shares were 12 cents lower, by 11.37 per cent, at 93.5 cents.
"There was nothing to like at all in that (AWB) statement," said IG Markets institutional dealer Chris Weston.
