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2007-06-29 | permalink
Monsanto profit rises 71% on U.S. corn seed demand
Monsanto Co., the world’s biggest seed producer, said third-quarter profit jumped 71 percent as U.S. farmers planted the most corn since World War II.
Net income in the quarter ended May 31 rose to $570 million, or $1.03 a share, from $334 million, or 60 cents, a year earlier, St. Louis-based Monsanto said today in a statement. Sales gained 23 percent to $2.84 billion from $2.31 billion.
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2007-06-29 | permalink
Monsanto profit rises 71% on U.S. corn seed demand
Monsanto Co., the world’s biggest seed producer, said third-quarter profit jumped 71 percent as U.S. farmers planted the most corn since World War II.
Net income in the quarter ended May 31 rose to $570 million, or $1.03 a share, from $334 million, or 60 cents, a year earlier, St. Louis-based Monsanto said today in a statement. Sales gained 23 percent to $2.84 billion from $2.31 billion.
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