Adecoagro SA (AGRO) has released an update.
Adecoagro SA reported a significant increase in gross sales by 17.7% in the third quarter of 2024, driven by higher sales volumes despite lower commodity prices. However, the company’s adjusted EBITDA for the same period declined by 28.6% compared to the previous year. The firm has committed $96.3 million to shareholder distributions so far this year, reflecting its strategic focus on returning value to investors.
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