Wednesday, October 08, 2014

Dreyfus injects $ 100.6 million in the juice business in Brazil

The French Louis Dreyfus Commodities (LDC), one of the largest companies in the agribusiness sector in the world, will make a capital increase in its business of orange juice in Brazil. The company earlier this month approved a contribution of $ 100.6 million in the LDC Agroindustrial, which gathers its assets makes in the country. In the minutes of the extraordinary Assembly that defined the injection, published in São Paulo Business Daily last week, was not informed the destination of the resources. Sought, the multinational did not grant an interview.
In 2013, the orange juice business of the company presented negative results, reflecting the moment too bad of the commodity in the international market, which for years has suffered from a declining global demand. LDC Agro's net revenue grew 9.1% in the year to r $ 1,198 billion, but operating expenses 32.9% larger ($ 117.4 million) have undermined the performance in multi in the segment. The net result was negative at r $ 95.5 million, only slightly below the injury which had already been registered in 2012 ($ 114.6 million).
Still, the Division that brings together the business of orange juice in the country managed to decrease your banking indebtedness in 11.9 percent on the same comparison, for $ 1.4 billion. However, the share of debt with banks, due within 12 months, advanced to $ 794,5 million, at the end of 2012, to $ 959 million a year later.
When considering all the company's businesses in the country-gathered at Louis Dreyfus Commodities Brazil, with the exception of the sugar operation, which is under the umbrella of Biosev-, the performance also was not much different. In 2013, the consolidated net loss was $ 131.6 million, compared with a loss of $ 95.3 million the previous year. This despite the 24% growth in net revenues, to $ 13.9 billion.
Overall, the numbers of parent company Louis Dreyfus Commodities were positive, although lower than in 2012. Last year, the company earned net income of $ 640 million, 34% lower than the obtained in 2012, although sales have grown 11% to $ 63.6 billion. In the first six months of 2014, the performance of the parent company gave signs of advancement. Second assessment published last month, its overall net income was stable at $ 260 million as compared to the same period in 2012 and recorded net revenue growth of 16%, to $ 33.7 billion.
Valor Economico
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