SAO PAULO, Nov. 9, 2016 /PRNewswire/ -- Biosev S.A. (BSEV3: BM&FBOVESPA) , the world's second-largest sugarcane processor, posted quarterly adjusted EBITDA of R$523 million, an increase of 43% over the same period of previous crop year. Net income achieved R$24 million in the quarter. Biosev's average yield increased 3.5% in first six months of the crop year, to 83.4 tons of cane per hectare, as a result of enhanced management of its sugarcane fields combined with the more intensive use of agricultural technologies. As a result, crushing volume amounted to 21.3 million tons, an increase of 2.9% from the prior crop year. In 6M17, net revenue from sugar sales increased by 49% to R$1.6 billion, boosted by a 24% rise in prices coupled with a 19% growth in sales volume. On the ethanol side, net revenues increased by 12%, to R$855 million, boosted by a 17% increase in prices. In the quarter, sugar revenue increased by 64% as a result of higher sales volumes and prices, while ethanol revenue rose by 6% mainly due to higher prices. It is also worth to highlight that the company has already hedged 61% of its exposure to sugar prices for the next crop year, at a price level 36% above hedged prices for the current 2016/17 crop year. In 6M17, Adjusted EBITDA amounted to R$675 million, up 19% from the same period of the previous crop year, driven by net revenue growth, which in turn was supported by higher sugar sales volumes and prices, as well as higher ethanol prices in the period.