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Home News Seaboard Corporation achieves remarkable financial gains

Seaboard Corporation achieves remarkable financial gains

Seaboard Corporation, the mother company of the American carrier Seaboard Marine, has announced improved financial performance during the first nine months of the year.

Firstly, the US company's net earnings attributable to Seaboard jumped to US$449 million, representing an outstanding growth of almost 1,770% over the first nine months of 2020, when the company reported US$24 million.

Operating income has also been increased by more than three times during the January - September period, reaching US$369 million, compared to last year's US$111 million.

Furthermore, Seaboard Corporation's net sales were boosted during the same period and surpassed US$6.76 billion.

Regarding the third quarter of 2021, Seaboard Marine's owner has achieved an operating income of US$112 million, while the company's net sales exceeded US$2.27 billion and were also increased compared with the figures in 2020 Q3.

However, the net earnings attributable to Seaboard showed a decrease during the third quarter of 2021 with the company completing US$94 million, compared to US$154 million during the previous year's corresponding period.





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