"We have exceed in $16 million dollars our minimum distribution policy. So far, we invested $51.4 million dollars to repurchase 5.2 million shares, equal to 4.9% of the company´s equity, and committed $35 million dollars in cash dividends, with the first installment being already paid. Our Board of Directors approved the renewal of our buyback program, which enable us to repurchase up to an additional 5% of the company´s equity up to year-end. Consequently, we expect to continue allocating cash in share repurchases during the second half of the year.
In our SE&E business, the investments done in expansion planting are paying off. Given the good cane availability, we have crushed more, produced more, while our unitary cost remained unchanged.
In Rice, thanks to our decision to expand our rice footprint into Uruguay, it has placed us as a relevant player in the region. In Crops, normal weather conditions are the main explanation towards the greater results, while in Diary, we continue to consolidate our position in both the domestic and export market with the development of our high value-added products."