Bunge, a supplier of agricultural and edible oil products to the food industry, today reported that earnings more than doubled in its third quarter on the back of strong market conditions.
Net income for the quarter ended September 30 2007 shot up 108 percent to reach $351m, compared to $169m last year.
Net sales stood at $12.7bn, up 82 percent from the prior year period.
Higher results in the quarter were mainly due to increased volume and improved product mix in corn milling. Edible oil results were not as encouraging.