US: ADM profits surge on volumes, margins
By: just-food.com | 4 May 2010
 |
Charges hit ADM's Q3 numbers last year |
Commodities giant Archer Daniels Midland has posted a leap in third-quarter profits, boosted by all of its major business segments and a favourable year-on-year comparison.
For the quarter ended 31 March, the agribusiness group said that profits surged to US$421m, up from $3m in the comparable period of last year when the company was hit by charges of $140m.
Sales increased 2.4% during the quarter, rising to $15.15bn, while volumes gained 11%.
Gross margins rose to 5.9% from 4.4%.
Sectors: Commodities & ingredients, Financials
Companies: Archer Daniels Midland
View next/previous articles
Currently reading -
US: ADM profits surge on volumes, margins
4 May 2010 -
Related research
Company Financials Archer Daniels Midland Company
The Company Financials offers insights into the financial performance of the company over last five years for about 1000 leading global companies. The datapack covers wealth of financial information relating to income statement, balance sheet, and ca...
This report profiles the major players in the global food and drinks ingredients industry and the issues affecting their performance....
U.S. Market for Whole and Other Grains: Trends and Developments, The
After years of falling consumption, grains are back on the menu, with per capita use rising....
Related articles
The just-food management briefing - how to green your supply chain - part II
The development of company policy on sustainability not only needs to include suppliers but also the wider NGO sphere - from government and unions and from farming groups to aid charities. Here the briefing discusses examples of established bodies that incorporate broader stakeholder involvement.
Hershey guilty of poor judgment at the very least
Stinging criticism that Hershey has not done enough to address child and forced labour in its supply chain has come as a new framework of multi-partite action offers genuine hope of progress in tackling the issue. But, Ben Cooper writes, while chocolate companies are increasingly active in tackling the problem their reticence to speak publicly about the issue for fear of admitting culpability often hampers the communication of that positive message.
There are currently no comments on this article
Be the first to comment on this article