Half year results of the Sipef group per 30 June 2017
(WorldNews Belgium)

PRESS RELEASE 2017 Regulated information | June 2017 Half-Year Results of the SIPEF group as per 30 June 2017 (6m/17) Total palm oil production over the first 6 months increased by 15.9%, with rising volumes at all our production centres in Indonesia and Papua New Guinea. Market prices for palm oil experienced wide fluctuations with a high of USD 760/tonne in January and a low of USD 625/tonne end June. After the acquisition of a controlling interest in PT Agro Muko in February, a successful capital increase of KUSD 97 122 was com- pleted on 24 May 2017. A one-off consolidated gain of KUSD 79 324 on the remeasurement of the previously held interest in PT Agro Muko in accordance with IFRS 3....