Nov 14, 2024 / 02:00PM GMT
Operator
Good morning, everyone and welcome to Ceres Global. A earnings call for their first quarter results for the financial year 2025.
(Operator Instructions)
I would now like to turn the call over to Mr. Carlos Paz, CEO of Ceres Global, and please go ahead Mr. Paz.
Carlos Paz - Ceres Global Ag Corp - President and CEO, Board Member
Thank you operator and good morning everyone.
This quarter we set new record volumes handled and achieved solid financial results.
Although benign weather conditions in the northern us Plains and Canadian Prairies limited directional trading opportunities, our team of industry experts and robust trading and risk management practices job as trying to start to the fiscal year.
In the first quarter of fiscal 2025 we achieved solid financial results with operating income of $2.9 million and net income of $1.8 million.
Thanks to our strategic positioning and effective utilization of our extensive network of assets, our handle volumes increased by 5.5% compared to last year.
Q1 2025 Ceres Global Ag Corp Earnings Call Transcript
Nov 14, 2024
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