Bunge reports USD 21 mln net loss in Q1 2018

Bunge reports USD 21 mln net loss vs USD 47 mln net income for the corresponding period of 2017.

According to the report, net loss per common share from continuing operations-diluted amounted to USD 0.20 vs USD 0.31 of net income in Q1 2017.

EBIT for Q1 2018 decreased 54.14 percent to USD 61 mln.

"We expect 2018 to be a year of strong earnings growth, particularly in Agribusiness. In Agribusiness, we are increasing our full-year EBIT outlook range to $800 million to $1.0 billion, primarily based on improved soy crush margins," the reports writes.

Reference: on 14 March Bunge Board of Directors declared dividends on common and preference shares. A regular quarterly cash dividend is USD 0.46 per common share. The dividend is payable on June 4, 2018.