German sugar marker Südzucker reports third quarter profits

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German sugar producer Südzucker AG on Thursday reported that its third quarter result from operations was 90 million euros (102.6 million dollars), compared to last year’s loss of 74 million euros. Operating result surged 90.8 per cent from last year, to 127 million euros. The operating margin was 6.2 per cent, up from 3.8 per cent a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) was 241 million euros, up 32.9 per cent from last year. The EBITDA margin was 11.8 per cent, higher than the 10.4 per cent a year ago. Revenues for the quarter climbed 17.4 per cent,…

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