Minneapolis, MN, (September 17, 2019) – Ceres Global Ag Corp. (TSX: CRP) (“Ceres” or the “Corporation”) today announced its financial and operating results for the quarter and year ended June 30, 2019. All amounts are in U.S. currency unless otherwise noted.
“Income from operations improved in the fourth quarter and on an annual basis while overall net income was negatively impacted by three large non-recurring events over the year,” said Robert Day, President and Chief Executive Officer of Ceres. “The core grain business, the Nature’s Organic Grist business and our energy and industrial products supply chain services operations performed very well, despite challenges stemming from pre-harvest volatility. In addition, the acquisition of Delmar Commodities Ltd. in August 2019 marks a very significant step in our overall growth plan.”