Ceres Global Ag Reports Financial Results for Q1 Fy2018
Minneapolis, MN, (November 14, 2017) – Ceres Global Ag Corp. (TSX: CRP) (“Ceres” or the “Corporation”) today announced its financial and operational results for the three-month period ended September 30, 2017. All amounts are in U.S. currency unless otherwise noted.
“Despite a delayed harvest and an increasingly challenging environment for our industry overall, we managed to improve gross margins by $1.2 million vs. the same quarter a year ago,” said Robert Day, President and Chief Executive Officer of Ceres. “Volumes for the quarter were less than initially anticipated, however, margins were better year on year, which was made possible by the learning and skill-building that was obtained from the significant increase in volume last fiscal year.”