Half year results of the Sipef group per 30 June 2018
(WorldNews Belgium)

Press Release Regulated information Half-Year Results of the SIPEF groupas per 30 June 2018 (6m/18) oPalm oil production at our own plantations rose by 6.7% compared with the first half of last year, with a sharp rise in palm oil volumes in Indonesia (+10.4%) and the fall in production in the first quarter in Papua New Guinea was offset in full. oStable but weaker palm oil market that currently quotes below USD 600 per tonne CIF Rotterdam. oDespite rising volumes and efficiency improvements, the lower prices for palm oil and rubber on the world markets reduced the gross profit from KUSD 57 472 in June 2017 to KUSD 47 008 (-18.2%) in June 2018. oDue to some non-operational elements such as...