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SIP - Sipef NV News Story

€44.8 0.7  1.6%

Last Trade - 8:55am

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £395.4m
Enterprise Value £467.6m
Revenue £196.0m
Position in Universe 342nd / 847

BRIEF-Sipef Q3 Palm Oil Production up at 95,478 Tonnes

Thu 18th October, 2018 6:13am
Oct 18 (Reuters) - SIPEF NV  SIFB.BR :
    * Q3 PALM OIL PRODUCTION 95,478 TONNES VERSUS 84,097 TONNES
YEAR
AGO
    * OUTLOOK FOR THE FINAL MONTHS IS POSITIVE
    * WE MAINTAIN OUR EXPECTATION OF AT LEAST 9% GROWTH IN OUR
PALM
OIL PRODUCTION
    * WE DO NOT EXPECT A FURTHER FALL IN RUBBER VOLUMES TOWARD
THE END
OF THE YEAR.
    * WE EXPECT THE ANNUAL RUBBER VOLUMES TO RECOVER
    * EXPECTATIONS REMAIN RATHER NEGATIVE FOR THE DISAPPOINTING
TEA
PRODUCTION IN CIBUNI, JAVA
    * FOR BANANA PRODUCTION IN IVORY COAST, FULL IMPACT OF THE
STEPS
TAKEN TO INCREASE VOLUMES FOR EXPORT TO EUROPE WILL BE FELT AT
BEGINNING OF 2019
    * THIS WILL HAVE A DIRECT IMPACT ON THE CONTRIBUTION OF THIS
ACTIVITY TO THE RESULT OF THE CURRENT YEAR.
    * EXPECT THE RECURRING RESULT FOR H2 2018 TO BE
APPROXIMATELY THE
SAME AS FOR H1 OF THE YEAR
    * RECURRING ANNUAL RESULTS WILL BE SIGNIFICANTLY LOWER THAN
IN
2017

Source text: https://bit.ly/2ErwgJX
Further company coverage:  SIFB.BR 

 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;))
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