Société Internationale de PlantatioXZns d'Hévéas Announces Turnover Results for the First Quarter of 2016
Société Internationale de PlantatioXZns d'Hévéas announced turnover results for the first quarter of 2016. For the quarter, the company reported total tonnages sold were up 22.3% as compared to the previous year, amounting to 48,107,000 tonnes against 39,324,000 tonnes a year ago. This increase indicates a growth of production significantly related to the larger amounts of rubber bought from rubber growers, which amounts now account for 67% of total production (instead of 64%). This sharp rise in sales to a large extent countered the fall in selling prices expressed in Euros (which were down 13.6% as compared to the same period last year): rubber sales therefore work out to EUR 50.4 million, a 5.7% rise over first quarter of 2015.