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Results Presentation of 2 Quarter 2018

Results Presentation of 2 Quarter 2018

Results Presentation of 2 Quarter 2018
01/08/2018


carlos-casado-noticia

• The operating result of the second quarter of 2018 registered a profit of US $ 2,968,725 (AR $ 69.4 million), which represents 156% more than in the same period of the previous year, mainly explained by an improvement in the yield, in the production and in the price of our soybean and corn crops

 

• The net income was US $ 19,686,576 (AR $ 456.2 million), explained mainly by exchange differences and by results for changes in fair value, as a result of the split of Cresca in favor of Casado Agropecuaria

 

• There has been an improvement of 8.6% in the yield of soybean production reaching 3,210 Kg / Ha, with a total production of 14,356 Tn, 17.3% more.

• Corn production improved its yield by 11.7% to reach 5,186 Kg / Ha. with a total production of 11,967 tons, 15.7% more.

 

• There are 4,683 livestock, having obtained the Angus Beef Certification in this quarter from the Association of Angus Breeders of Paraguay.

 

• Work has been carried out in the period through satellite monitoring on the state of the soil and crops and soil cover in order to adopt all the necessary measures to protect crops and obtain improvements in crop yields.


• We are preparing 1,100 hectares with the objective of planting a total of 8,000 hectares for this next harvest.