May 3, 2017 / 10:09 AM / 3 months ago

Bunge profit slumps on weak agribusiness margins

1 Min Read

May 3 (Reuters) - U.S. agricultural trader Bunge Ltd reported a fall in its first-quarter profit as weak demand from South America weighed on margins in its agribusiness.

Net income attributable to Bunge fell to $47 million in the first quarter ended March 31, from $235 million, a year earlier.

On a per share basis, profit from continuing operations was 31 cents in the latest reported quarter, down from $1.60 per share, a year ago. (Reporting by Swetha Gopinath in Bengaluru and Karl Plume in Chicago; Editing by Shounak Dasgupta)

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