Ceres Global Ag Earnings Release Q2 2018
Minneapolis, MN, (February 13, 2018) – Ceres Global Ag Corp. (TSX: CRP) (“Ceres” or the “Corporation”) today announced its financial and operating results for the three and six months ended December 31, 2017. All amounts are in U.S. currency unless otherwise noted.
“Due to increased focus on our strengths as a company and adding value to our customers, we improved adjusted net income by more than $700 thousand and gross margins by $1.4 million vs. the same quarter a year ago,” said Robert Day, President and Chief Executive Officer of Ceres. “Volumes for the quarter were down as we passed on less attractive business at low or negative margins, which is reflective of the challenging environment our industry continues to face.”