RIO DE JANEIRO, BRAZIL - SLC Agrícola reported a 140.9% increase in net income in the first quarter compared to the same period last year, to R$376.8 million, with an increase in the value of soybean assets amid higher prices for agricultural commodities.
"The variation is explained primarily by higher prices and higher yields than the previous harvest, i.e., expectations of better margins for the 2020/21 crop versus the 2019/20 crop," SLC said in a statement.
The company, one of the largest producers of grains and oilseeds in Brazil, said it closed another harvest . . .