Edition:
United Kingdom

Sipef NV (SIFB.BR)

SIFB.BR on Brussels Stock Exchange

51.50EUR
19 Oct 2018
Change (% chg)

€-0.20 (-0.39%)
Prev Close
€51.70
Open
€51.90
Day's High
€52.00
Day's Low
€51.40
Volume
3,896
Avg. Vol
4,009
52-wk High
€66.50
52-wk Low
€50.50

Latest Key Developments (Source: Significant Developments)

Sipef NV Acquires 1 770 Hectares Of Additional Land Rights In Indonesia
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Sipef NV ::ACQUIRES 1 770 HECTARES OF ADDITIONAL LAND RIGHTS IN THE PROVINCE OF BENGKULU IN INDONESIA.NEWLY ACQUIRED 1 770 HECTARES WILL CONTRIBUTE TO OPTIMISE THE PROCESSING CAPACITY OF THE TWO EXISTING AGRO MUKO MILLS.TOTAL CONSIDERATION, INCLUDING TRANSFER COSTS AND TAXES, OF IDR 36.6 BILLION, EQUAL TO KUSD 2 511.SAYS THIS ACQUISITION WILL THEREFORE INCREASE THE POTENTIAL AREA FOR DEVELOPMENT WITH 8.2% IN THE MUKO MUKO REGENCY.  Full Article

Sipef Total Palm Oil Production Down 3.3% Compared With Q12017
Thursday, 19 Apr 2018 

April 19 (Reuters) - SIPEF NV ::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.  Full Article

Sipef Q3 palm oil production ‍up at ​84,097 tonnes
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - SIPEF NV ::Q3 PALM OIL PRODUCTION ‍​84,097 TONNES VERSUS 71,504 TONNES YEAR AGO.RECURRING RESULT FOR THE WHOLE OF 2017 WILL BE CONSIDERABLY BETTER THAN LAST YEAR‍​.POSITIVE FREE CASH FLOW ENABLES CO TO CONTINUE EXPANSION OF PLANTATION ACTIVITIES IN INDONESIA‍​.  Full Article