Suedzucker optimistic about profits despite coronavirus
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HAMBURG (Reuters) - Suedzucker , Europe's largest sugar refiner, on Thursday confirmed its forecast for a strong increase in earnings in its new financial year on hopes its core sugar sector will improve despite the coronavirus crisis.The company on Thursday confirmed a forecast issued in April that operating profit in its new 2020/2021 financial year starting in March 2020 will rise to between 300 to 400 million euros ($324.3 to $432.4 million), up from 116 million euros in the 2019/20..