"Our SE&E business reported a crushing record figure for a first quarter ever thanks to all the investments done in expansion planting to have good cane availability. Without mentioning that, the higher the milling, the lower our cost of production.
In Crops, normal weather conditions translated into a significant recovery in yields, consequently into results, despite the lower international prices.
Furthermore, having in place a sustainable integrated business model in our Rice operations enabled us to capture an important YoY increase in the average selling price, as we were the only rice producer with available production, when stocks were limited.
In Dairy, the recovery in crop yields led to a reduction in the cost of feed of our dairy cows, which is one of the main cost components for this business.
Our annual shareholder meeting approved a total cash dividend distribution of $35 million dollars. In addition to this, we have already repurchased 2.4% of the company’s equity."
Quarterly Earnings
2023
Information sent to CVM
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