Bunge Reports Second Quarter Results

Bunge report total earnings before interest and tax (EBIT) for the quarter ending 30th Jun 2008 at USD1.078 billion, a 311% increase on the same quarter in 2007.

Net sales for the period were $14.365 billion, a 73% increase on 2007.

EBIT for the agribusiness sector contributed $614 million, 329% above 2007.

For the first half 2008 total segment EBIT was $1.52 billion, a 403% increase on first half 2007.

Net income for Q2 2008 was $751 million, an increase of 347%, and first half net income was $1.04 billion.

Q2 earnings per share were $5.45 and H1 earnings per share were $7.56.