Brazil’s Raizen sees $52 mln accounting gain in 2024/25 after sugarcane sale
SAO PAULO, Nov 12 (Reuters) -Brazil’s Raizen RAIZ4.SA, the world’s largest sugarcane processor, said on Tuesday it will book in the 2024/25 crop an estimated 300 million real ($52.2 million) accounting gain after taxes related to a sugarcane deal.
In a securities filing, Raizen said its subsidiary Raizen Energia signed the sale of up to 900,000 metric tons of sugarcane to Alta Mogiana for up to 381 million reais.
SAO PAULO, Nov 12 (Reuters) -Brazil’s Raizen RAIZ4.SA, the world’s largest sugarcane processor, said on Tuesday it will book in the 2024/25 crop an estimated 300 million real ($52.2 million) accounting gain after taxes related to a sugarcane deal.
In a securities filing, Raizen said its subsidiary Raizen Energia signed the sale of up to 900,000 metric tons of sugarcane to Alta Mogiana for up to 381 million reais.
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