Louis Dreyfus Company will be in the spotlight next week as its annual results i...
PARIS - Louis Dreyfus Company will be in the spotlight next week as its annual results indicate whether it has recovered from a bruising period in agricultural commodities and how well the firm has managed the fallout from a U.S.-China trade dispute.
Its three peers publish on a quarterly basis but LDC discloses results twice a year, drawing extra interest to its interim and annual reports. Its 2018 results are due on Monday. The 168-year-old firm sees itself as back on track: its main shareholder has concluded an acrimonious buyout of family minority holdings, its new chief executive has pointed to a stronger second half, while the group has brought in a food innovation head.
The market will be watching for any surprises, however, after LDC’s interim results raised eyebrows with the disclosure of a large dividend and an internal loan to cover a $1 billion bailout of Brazilian sugar unit Biosev.
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