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Stock impact report

Adecoagro reported Adjusted EBITDA of $137.0 million in 2Q18 and $198.9 million for 6M18, 103% and 77.7% higher year-over-year, respectively

Adecoagro S.A. Common Shares (AGRO) 
Last adecoagro s.a. common shares earnings: 5/21 04:13 pm Check Earnings Report
US:NYSE Investor Relations: ir.adecoagro.com
Company Research Source: PR Newswire
LUXEMBOURG, August 16, 2018 /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO, Bloomberg: AGRO US, Reuters: AGRO.K), a leading agricultural company in South America, announced today its results for the second quarter of 2018.Main highlights for the period:Adecoagro reported Adjuested EBITDA of $137.0 million in 2Q18, marking a 103.9% increase compared to 2Q17. Net Income was negative $31.0 million in 2Q18, $34.8 million lower compared to 2Q17.Adjusted Net Income was $90.1 million in 2Q18, $74.2 million higher compared to 2Q17.Financial & Operational HighlightsAdjusted EBITDA for our Sugar, Ethanol & Energy business reached $80.9 in 2Q18, $19.5 million or 31.8% higher than 2Q17. This increase is mainly explained by: (i) the maximization of ethanol production (72.5% of total TRS), enabling us to profit from higher prices. Anhydrous and hydrous ethanol traded at 16.0 cts/lb and 14.7 cts/lb sugar equivalent during the quarter, equivalent to 34.1% and 22.7% premium to sugar respectively, (ii) hig Show less Read more
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