SLC Agrícola, one of the largest grain and fiber producers in Brazil, recorded net income of 113.7 million reais in the third quarter, up 2.4% in 3Q21 and 33.0% in 9M21 over the same period last year.
According to the results released last Wednesday (11/10), the company ended the quarter with record numbers in operating income measured by adjusted Ebitda: R$330.6 million, with growth of 36.6%. The adjusted Ebitda margin was 35.1%, an increase of 8.8 points in the annual comparison.
The area set aside for planting grains and oilseeds reached 667.9 million hectares, 44.2% more than in the 2020/21 harvest. The forecast is that the cotton area will grow more than 60% and that of soy more than 40%. The expansion is due to the business combination with Terra Santa Agro SA and the lease agreement with Agrícola Xingu SA
