Suedzucker Earnings Surge 142%, Sugar Sector Performs Well

HAMBURG: Suedzucker, Europe’s largest sugar refiner, on Thursday posted a 142% rise in quarterly earnings and repeated expectations of increased full-year profits with its sugar sector and biofuels performing well.

Suedzucker posted an increase in group operating profit to 68 million euros ($80 million) in the second quarter of its 2020/2021 fiscal year to end August 2020 from 28 million in the previous quarter.