SLC Agrícola reports 140.9% growth in net income in the first quarter of 2021
The positive scenario in Brazilian agriculture led SLC Agrícola to report excellent financial results in the first quarter of 2021. According to the company’s balance sheet disclosed this week, net income in the period stood at R$376.8 million, up 140.9% from the same quarter in 2020, while net revenue grew 30.8% to R$827.4 million, fueled by strong cotton sales.
The company also registered record yield in the soybean crop for the 4th straight year, which stood at 3,970 kg/ha, 5.7% higher than the initial estimate and 12.7% higher than the national average (according to Conab estimates). And this mark is even more significant if we analyze the start of the crop year, when planting commenced behind schedule due to the delayed start of the rainy season. However, quick adjustments in agricultural planning and rapid planting by the company enabled it to achieve this new production record in soybean.
As for cotton, the company maintains its yield projection already announced. For corn, due to the delay in soybean planting in Mato Grosso and the drought in April, which mainly affected the farms in Mato Grosso do Sul, the company estimates a drop in its production potential. Overall, cotton lint yield should be 2% higher than the national average, while corn yield, despite the adverse impacts, should outperform the national average by 8.9%.
Mais Notícias de "Agricultura"
- SLC Agrícola is one of the partners of the Carbono Xingu program
- SLC Agrícola strengthens its commitment to innovation at the South Summit Brazil 2025
- Record of cotton invoiced is a highlight in the 2024 results
Veja Também
- We were recognized in the Agribusiness Sector category of the RS Export Award
- "SLC Day" presents new brand for SLC employees
- SAP 2025 on Paladino farm reinforces sustainable practices
- SLC Agrícola reported net income of R$510.7 million in 1Q25
- For the third consecutive year, we are in the ISE B3 index
Últimas notícias
- We were recognized in the Agribusiness Sector category of the RS Export Award
- Pamplona hosts new edition of Farm Day
- Featured in the Best in ESG Awards
- SLC Agrícola participates in the IFAMA World Conference
- “SLC Day” presents new brand for SLC employees
- Recognition for our best practice in the Circular Economy