SIPEF NV Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018; Announces Unaudited Consolidated Production Results for the Second Quarter and Six Months Ended June 30, 2018
SIPEF NV announced unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue was $139,973,000 against $157,017,000 a year ago. Operating result was $37,310,000 against $122,873,000 a year ago. Profit before tax was $35,993,000 against $122,911,000 a year ago. Profit after tax was $26,514,000 against $110,520,000 a year ago. Result from continuing operations was $26,003,000 against $113,620,000 a year ago. Profit for the period was $26,003,000 against $113,620,000 a year ago. Profit attributable to equity holders of the parent was $24,771,000 against $107,432,000 a year ago. Diluted earnings per share from continuing operations were $2.37 against $11.67 a year ago. Cash flow from operating activities was $16,013,000 against $62,930,000 a year ago. Acquisition intangible assets were $34,000 against $69,000 a year ago. Acquisition biological assets were $11,004,000 against $9,661,000 a year ago. Acquisition property, plant & equipment were $18,156,000 against $14,445,000 a year ago.
For the quarter, the company's palm oil was 88,017 tonnes against 80,660 tonnes a year ago. Rubber was 1,831 tonnes against 2,091 tonnes a year ago. Tea was 590 tonnes against 591 tonnes a year ago. Bananas was 5,985 tonnes against 6,671 tonnes a year ago.
For the six months, the company's palm oil was 166,202 tonnes against 161,541 tonnes a year ago. Rubber was 4,125 tonnes against 4,424 tonnes a year ago. Tea was 1,185 tonnes against 1,169 tonnes a year ago. Bananas was 13,301 tonnes against 14,812 tonnes a year ago.