Société Internationale de Plantations et de Finance Reports Consolidated Earnings Results for the Year Ended December 31, 2017; Reports Consolidated Production Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Production Guidance for 2018
For the quarter, the company reported palm oil production of 72,020 tonnes against 70,605 tonnes a year ago. Rubber production was 2,058 tonnes against 2,102 tonnes a year ago. Tea production was 655 tonnes against 679 tonnes a year ago. Bananas production was 7,657 tonnes against 6,272 tonnes a year ago.
For the year, the company reported palm oil production of 330,958 tonnes against 297,705 tonnes a year ago. Rubber production was 8,179 tonnes against 9,192 tonnes a year ago. Tea production was 2,402 tonnes against 2,940 tonnes a year ago. Bananas production was 29,772 tonnes against 24,991 tonnes a year ago.
Everything would therefore suggest that the company will maintain the expected 9% total rise in annual palm oil production for the SIPEF group.