South Dakota Soybean Processors, Llc Reports Earnings Results for the Full Year Ended December 31, 2019
February 25, 2020 at 10:40 am EST
Share
South Dakota Soybean Processors, LLC announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was USD 371.275 million compared to USD 0 a year ago. Operating income was USD 11.175 million compared to USD 0 a year ago. Net income was USD 10.979 million compared to USD 0 a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0 a year ago.
South Dakota Soybean Processors, LLC is an owner and operator of two soybean processing plant and a soybean oil refinery in the state of South Dakota. The Company also owns and operates a small oilseed processing plant near Miller, South Dakota. The Companyâs core business consists of processing locally grown soybeans into soybean meal and soybean oil. It sells the soybean meal primarily to resellers, feed mills, and livestock producers as livestock feed. It markets and sells multiple grades of soybean oil in either crude or refined format. Crude and refined soybean oil are marketed and sold to the food, biodiesel and chemical industries. It also markets and sells contracting services for the construction and management of oilseed processing plants. Its soybean meal is primarily sold to resellers, feed mills, and livestock producers as livestock feed. The meal is primarily sold to customers in the local area (within 200 miles of its Volga plant), Western United States, and Canada.
SOUTH DAKOTA SOYBEAN PROCESSORS, LLC 
