SDSP posts record FY2021 net income $28M, EPS $0.92; announces new multi-seed plant in Mitchell, SD

SOUTH DAKOTA SOYBEAN PROCESSORS LLC

Net income of $28.0M ($0.92 per capital unit) on revenues of $590.2M; gross profit $33.5M, operating profit $28.9M.
Record year attributed to strong soybean oil demand from renewable diesel industry, driving margins to all-time high.
Announced new multi-seed plant near Mitchell, SD, capable of processing soybeans and high-oil seeds (sunflowers), responding to renewable diesel demand.
Capital units traded at avg $4.38 in Q4 2021 (range $4.26-$4.55), up from $3.45 avg in Q1 2021.
CEO Tom Kersting expresses positive outlook for 2022, citing strong position and potential for continued growth.

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