Bunge said net income attributable to Bunge for fiscal 2023 was $2,243 million, up $633 million from $1,610 million a year earlier, and diluted earnings per share were $14.87 ($10.51 a year earlier).

1. 01

   Bunge said net income attributable to Bunge for fiscal 2023 was $2,243 million, up $633 million from $1,610 million a year earlier, and diluted earnings per share were $14.87 ($10.51 a year earlier).

2. 02

   The company said Total Segment EBIT for fiscal 2023 rose $1,002 million to $3,333 million from EBIT of $2,331 million a year earlier. It said Core and Non-core segment EBIT increased, while Corporate and Other EBIT decreased.

3. 03

   The company said Agribusiness segment net sales fell 10% to $42,764 million in fiscal 2023, and segment EBIT rose 62% to $2,786 million. It said Processing EBIT increased 121%, while Merchandising EBIT decreased 49%.

4. 04

   The company said cash provided by operating activities was $3,308 million in fiscal 2023, compared with cash used for operating activities of $5,549 million a year earlier, an increase of $8,857 million. Cash and cash equivalents were $2,602 million as of December 31, 2023, up $1,498 million from $1,104 million at the end of the prior year.

Key figures

Fiscal year ended December 31, 2023

Revenue

$59.5B

Net income

$2.2B

EPS

$14.87

Gross profit

$4.8B

Operating cash flow

$3.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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