SIPH reports sales up 65% in Q3

ERJ staff report (DS)

Paris - Rubber plantations company Société Internationale de Plantations d'Hévéas (SIPH) reported sales up strongly in the third quarter and in the nine months to 30 Sept 2011.

The company reported total sales of euro 143 million in the three months, up from euro 90.8 million a year previously. Rubber sales contributed the vast majority of this, at euro 138.1 million (up from euro 83.6 million a year ago).

For the nine months, rubber sales grew to euro 298 million from euro 204 million. SIPH said the continued high prices of rubber had contributed to the increased sales figures. SIPH said the average NR selling price in the most recent three months had been euro 3.23/kg ($4.56/kg) compared with euro 2.44 ($3.15) a year earlier.

Volumes shipped had also increased in the three months to 437 000 tonnes compared with 362 000 a year earlier. SIPH said volumes in the second quarter had been badly affected by the political instability in Cote d'Ivoire. As a result, the total volumes shipped in the first nine months were 950 000 tonnes, marginally below the figure of 955 000 a year ago.

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Press release from SIPH via Euronext (French language)