Ceres Global Ag Reports Financial Results For Q2 Fy2017
Minneapolis, MN, (February 14, 2017) – Ceres Global Ag Corp. (TSX: CRP) (“Ceres” or the “Corporation”) today announced itssecond quarter financial and operational results for the three- and six-month periods ended December 31, 2016. All amounts are in U.S. currency unless otherwise noted.
“We are encouraged by progress made during the second quarter as we continue to more effectively utilize our assets, increase our product breadth and better reach chosen customers, both in the U.S. and internationally,” said Robert Day, President and CEO of Ceres. “We set a goal to double the number of bushels handled this year, and we are on pace to achieve our target. In addition, gross profit continues to improve from the increase in volumes and from the broadening of our product mix. We believe that high volumes and diversification of product mix are critical for profitable growth in 2017 and beyond as margins remain challenging in many segments of the industry.”