World Grain - September 2015 - 21

NEWSREVIEW

The Andersons earnings decline as Grain and Ethanol groups see drop
MAUMEE, OHIO, U.S. - The Andersons,
Inc. reported on Aug. 5 that earnings for the
second quarter were $31,092,000 or $1.09
per share, down 29.8% from $44,301,000
or $1.56 per share in the same quarter of
last year.
The Grain Group's earnings this quarter
were $3,149,000, down from $10,355,000 in
the same quarter of last year. The results were
impacted by lower margins and volume, which
resulted primarily from lower than expected

movement of grain off farm and lower forward
contracting activity.
The Ethanol Group's earnings this quarter
were $9,667,000, down from $33,904,000 in
the same quarter of last year. The group executed well operationally and achieved record
second-quarter ethanol production volumes,
the company said. Strong results from the sale
of co-products were also seen.
"The Ethanol Group had strong results as
well, due primarily to an improvement in mar-

gins. The ethanol team also continued to benH¿WIURPLQYHVWPHQWVPDGHLQWHFKQRORJ\DQG
process improvement," said Mike Anderson,
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The wet weather slightly reduced the likely
size of fall crops of corn and beans, and degraded wheat quality in some of the company's
draw territory. Anderson said the company will
continue to look for other income opportunities
resulting from market volatility to somewhat
offset this lower volume.

Wilmar earnings up on grain, oilseeds results
SINGAPORE - Wilmar International
Limited reported on Aug. 5 that earnings
for the second quarter were $201 million,
or $3.20 per share, up 18% from $170 million or $2.70 per share in the same quarter
last year.
)RUWKH¿UVWVL[PRQWKVRIWKH\HDU:LOmar International reported earnings of $443
million, or $6.90 per share, up from $332
million or $5.20 per share in the same quarter a year ago due to a strong performance

from oilseeds and grains.
"In spite of tough conditions and lower
FUXGH SDOP RLO &32 SULFHV WKH JURXS
achieved satisfactory results in second-quarter 2015," said Kuok Khoon Hong, chairman
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remain positive for the rest of the year and
for consumer products to continue its strong
performance."
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segment surged from $41.5 million to $115.9
million in the second quarter. The strong
growth in oilseeds and grains was driven by
improved crushing margins, higher volume
crushed and continued robust performance
in consumer products. Sales volume for oilseeds and grains manufacturing registered a
21% increase to 5.9 million tonnes.
"Overall, we are cautiously optimistic that
second-half 2015 performance will be satisfactory," said Hong.

Innovations for the Feed Industry
New: Vacuum Coater GVC 1000

Without moving mixing tools, extremely gentle coating,
very good cleaning

AMANDUS KAHL GmbH & Co. KG · Dieselstrasse 5-9 · D-21465 Reinbek/Hamburg · Phone: +49 40 727 71 0
info@akahl.de · www.akahl.de
For more information, see Page 130.

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World Grain - September 2015

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