14 January 2009 10:08 [Source: ICIS news]
SINGAPORE (ICIS news)--German bioethanol producer Sudzucker reported third-quarter operating profits in its special products business of €42.2m ($55.5m), a 25.9% s year-on-year increase, due to strong sales, the company said on Wednesday.
The segment’s revenue for the three-month period ending November 2008 jumped 22.6% to €457.5m, which helped operating margins to improve to 9.2% from 9.0% a year ago.
Operating profits for the March-to-November period for the special products business fell 7.1% to €96.3m due to expenses related to plant expansions and high commodity costs, it said.
Sudzucker swung into a net profit of €25.5m in the third quarter to November from a net loss of €36.4m in the same period in 2007, which was helped by a 2.5% increase in revenue, it said.
Overall revenue stood at €1.57bn for the three-month period.
Sudzucker’s nine-month revenues were up 4.9% to €4.57bn, with net profits of €149m and an operating profit of €183.5m.
Sudzucker said it forecast its revenue for the full year to February 2009 to hit €5.8bn-6.0bn and expected its operating profit to be in a range of €230m-260m.
($1 = €0.76)
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