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SIP - Sipef NV News Story

€45.3 -0.1  -0.1%

Last Trade - 09/04/21

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £409.6m
Enterprise Value £483.2m
Revenue £199.9m
Position in Universe 339th / 848

BRIEF-Sipef Total Palm Oil Production Down 3.3% Compared With Q12017

Thu 19th April, 2018 6:53am
April 19 (Reuters) - SIPEF NV  SIFB.BR :
    * PALM OIL PRODUCTION AT GROUP-OWNED PLANTATIONS UP 3.5%
COMPARED
TO THE FIRST QUARTER OF 2017
    * GROUP‘S TOTAL PALM OIL PRODUCTION FELL BY 3.3% COMPARED
WITH THE
FIRST QUARTER OF 2017
    * EXPECT STABLE RUBBER PRODUCTION IN INDONESIA OVER THE NEXT
FEW
QUARTERS
    * STRONG RISE IN PALM OIL VOLUMES IN INDONESIA (+11.4%)
NEUTRALISED BY FALLING VOLUMES IN PAPUA NEW GUINEA (-19.9%)
    * EXPECT RECOVERY OF BANANA PRODUCTION IN IVORY COAST AND
TEA
PRODUCTION IN CIBUNI, JAVA, TO BE SLIGHTLY BETTER THAN LAST YEAR
    * STABLE PALM OIL MARKETS TRADE IN A NARROW BAND BETWEEN USD
660
AND 700 PER TONNE CIF ROTTERDAM
    * 50% OF PALM OIL PRODUCTION FOR THE YEAR 2018 SOLD AT USD
738 PER
TONNE CIF ROTTERDAM, PREMIUMS INCLUDED
    * PROSPECTS FOR PALM OIL PRODUCTION IN Q2 REMAIN POSITIVE
ALTHOUGH
LESS STRONG THAN IN THE Q1
    * SALE OF THE BDM-ASCO INSURANCE ACTIVITIES MOST LIKELY TO
BE
COMPLETED IN Q2/2018
    * EXPECT TO BE ABLE TO DELIVER ANNOUNCED GROWTH PROJECTION
OF 9%
FOR TOTAL GROUP PRODUCTION OF PALM OIL IN 2018

Source text for Eikon:  ID:nNDLbg6fZ4 
Further company coverage:  SIFB.BR 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 59 772 0920;))
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