Adecoagro S.A. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported Adjusted EBITDA of $79,641,000 marking a 5.8% increase compared to $75,284,000 for the third quarter of 2017. Net Income was $3.5 million, $5.1 million higher compared to third quarter of 2017. Adjusted net income was $14,112,000 compared to $10,599,000 a year ago. Sales of goods and services rendered was $178,744,000 compared with $262,988,000 a year ago. Profit from operations before financing and taxation was $34,401,000 compared with $23,817,000 a year ago. Profit before income tax was $13,769,000 compared with loss of $3,932,000 a year ago. Profit for the period attributable to equity holders of the parent was $4,478,000 compared with loss of $1,696,000 a year ago. Diluted earnings per share was $0.038 compared with loss per share of $0.025 a year ago. Net debt was $634,303,000 compared with $585,702,000 a year ago. Net cash generated from operating activities was $69,690,000 compared with $47,715,000 a year ago. Purchases of property, plant and equipment was $39,549,000 compared with $36,170,000 a year ago. Purchases of intangible assets was $210,000 compared with $814,000 a year ago. For the nine months, the company reported Adjusted EBITDA totaled $278,586,000 compared to $187,217,000 the same period of last year. The main drivers for the increase were (i) a 13.0% reduction in total production costs mainly explained by higher crushing volumes which allowed to dilute fixed costs, coupled with the 13.1% depreciation of the Brazilian Real; (ii) $19.0 million higher gain derived from the mark-to-market of its commodity hedge position. Adjusted net income was $108,245,000 compared to $35,100,000 a year ago. Net Income on a year-to-date basis was a loss of $19.0 million, compared to a $9.5 million gain recorded in the same period of last year. Sales of goods and services rendered was $550,230,000 compared with $657,609,000 a year ago. Profit from operations before financing and taxation was $163,349,000 compared with $81,465,000 a year ago. Loss before income tax was $22,129,000 compared with profit of $13,528,000 a year ago. Loss for the period attributable to equity holders of the parent was $19,852,000 compared with profit of $8,409,000 a year ago. Diluted loss per share were $0.17 compared with earnings per share of $0.046 a year ago. Net cash generated from operating activities was $101,424,000 compared with $98,614,000 a year ago. Purchases of property, plant and equipment was $152,496,000 compared with $142,223,000 a year ago. Purchases of intangible assets was $2,359,000 compared with $1,390,000 a year ago.