August 1, 2018 / 10:07 AM / in 15 days

Bunge posts quarterly loss on some soy crushing contracts

Aug 1 (Reuters) - Global grains merchant Bunge Ltd on Wednesday reported a loss compared with a year-earlier profit as it took a $125 million hit on its agribusiness on soy crushing contracts.

Bunge, which was subject of a failed takeover approach by rival ADM, said net loss available to shareholders was $21 million, or 15 cents per share, in the second quarter ended June 30, compared with a profit $72 million, or 51 cents per share, a year earlier.

The White Plains, New York-based company said net sales rose to $12.15 billion from $11.65 billion. (Reporting by Anirban Paul in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below