White Plains, N.Y. — Bunge Ltd. reported first-quarter fertilizer earnings before interest and tax of $6 million on sales of $61 million, compared to the year-ago $35 million and $66 million, respectively. Results were primarily driven by the improved performance at its Brazilian port operation, while the year-ago results include a gain of $32 million related to the sale of certain legal claims. Fertilizer volumes were up slightly, to 137,000 mt from 135,000 mt. Company-wide, Bunge reported a net loss attributable to Bunge of $13 million ($0.18 per diluted share) on sales of $13.5 billion, compared to year-ago income of $180 million ($1.15 per share) on sales of $14.8 billion.
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