International Sugar Journal

Cristal Union posts 40% increase in net profit in 2021/22 [Full subscriber]

The cooperative sugar group Cristal Union posted a net profit of €97 million (US$102 million) in the 2021/22 financial year, up 40% from €69 million a year earlier, on the back of the price surge in sugar, alcohol and bioethanol.

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Despite increased revenues, Tereos does not rule out closing a sugar factory in France [Full subscriber]

Tereos’ turnover jumped 18% to €5.1 billion over the 2021-2022 financial year.

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Tongaat Hulett’s debt increases as profit is forecast to fall by 120% [Full subscriber]

The sugar producer Tongaat Hulett has warned the market that its operating profit for the year to March 31 is likely to be 120% below the previous year and that it will need to raise ZAR5 billion (US$320 million), about ZAR1bn more than anticipated.

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Tereos’ Q3 2021/22 revenues up 17% [Full subscriber]

Tereos reported a jump in core earnings in the third quarter of 2021/22 as high prices helped offset a poor harvest in Brazil.

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Sugar sales boost Suedzucker Q3 2021 profit [Full subscriber]

Suedzucker reported a jump of about 90% in third-quarter operating profit on 13th January as improved sugar market and Crop Energies performance boosted earnings.

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Raizen’s profit doubles in Q2 2021/22 despite reduced cane output [Full subscriber]

The sugar and ethanol producer and fuel distributor Raizen reported that its adjusted net income more than doubled BRL1.1 billion (US$201.5 million) in the second quarter of the crop year 2021/22 compared to the same period last year, reported Reuters.

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Südzucker expects 20% increase in beet sugar production in the 2021 campaign [Full subscriber]

Europe’s largest sugar producer Südzucker, expects beet sugar production in the current campaign to increase by 20% to 4.2 million tonnes compared to the previous year.

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Tereos vows to press ahead to cut debts as it seeks to divest from ventures in China and Romania [Full subscriber]

Top sugar producer Tereos is going to press ahead with plans to cut its debts and improve its results, as it posted an annual net loss which reflected the impact of asset depreciation, reported Reuters.

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Cristal Union returns to profit in 2020/21 [Full subscriber]

France’s second-largest sugar maker Cristal Union made a €69 million (US$84.5 million) profit in the year to Jan. 31 in 2020/21, its chief executive told Reuters on 26th May.

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Südzucker forecasts increased profits for 2021/22 as sugar market strengthens [Full subscriber]

After three difficult years, Südzucker, Europe’s largest sugar producer, gave an upbeat outlook for its new financial year with a stronger EU sugar market expected to improve its performance This was announced by the company’s board of directors on May 20th at the annual press conference.

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