AWB Ltd has reconfirmed its commitment to constitutional reform following on from looming wheat marketing reforms at the release of its half yearly report today.
A net profit after tax of $22.3 million was recorded for the six months to March 31.
The final net profit after tax figure increased by 89pc this year.
The board made the "prudent", one-off provision to guard against possible legal action from the Standard Chartered Bank.
Chairman Brendan Stewart says AWB in the United States has filed an appeal against the judgement in January.
The appeal is pending.
"This is a solid result that shows the rebuilding of the company is starting to generate better returns," Mr Stewart said.
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