Bunge's Q2 Earnings Dip
NEW YORK - Jul 25/13 - SNS -- Bunge Limited reported pre-tax income of U.S. $239 million on sales of $15,491 million during the quarter ending June 30, down from earnings of $283 million on sales of $14,499 million during the same three-month period last year.
This lifted earnings before taxes and interest to $499 million on sales of $30,276 million during the first half of the current fiscal year, compared to $483 million on sales of $27,408 million last year.
Soren Schroder, Bunge's Chief Executive Officer, stated, "The first half of the year came in generally as we expected, and we are anticipating a strong second half.
"In the second quarter, in agribusiness our Brazilian operations generated strong results executing record volumes under challenging logistical conditions. We navigated the choppy markets well, but faced some challenges in North America, Europe and Argentina, which suffered from the continued effects of last year's poor oilseed and grain crops."
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