February 12, 2020 / 11:31 AM / 8 days ago

Bunge reports higher fourth-quarter adjusted profit

Feb 12 (Reuters) - U.S. grains trader Bunge Ltd on Wednesday reported a rise in adjusted profit for the fourth quarter, benefiting from increased demand for grains in South America.

Adjusted net income attributable to the company was $191 million in the quarter ended Dec.31, compared with $18 million a year earlier.

Excluding items, Bunge earned $1.27 per share, up from 8 cents.

The company’s agribusiness segment is involved in the purchase, storage, transportation, processing and sale of agricultural commodities and commodity products.

Reporting by Arunima Kumar and Shradha Singh in Bengaluru; Editing by Shinjini Ganguli

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