German sugar refiner Südzucker has announced increased sales and profits for the first nine months of the year.

Operating profit jumped by 41% to EUR586m (US$766m). The company said the earnings improvement was mainly driven by the sugar segment. Revenues rose from EUR4.6bn to EUR5.2bn.

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For the year, Südzucker forecasts an increase in group revenues to around EUR6.8bn, compared to EUR6.2bn in the previous year. Operating profit is projected to increase 44.5% to about EUR750m.

The full interim report for the first nine months will be published on 12 January.

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