A strong performance from Cargill during the third quarter of its financial year was not enough to offset declining earnings during the first half, the company revealed today (10 April).
Cargill booked earnings of US$766m in the third quarter, up from $763m last year, on revenues that were up 5% to $31.9bn.
Go deeper with GlobalData
However, year-to-date earnings dropped to $1.1bn, compared to $2.29bn in the copmparable period of last year. Nine-month revenues totalled $99.8bn, up 18% from $84.7bn in the prior period.
“Cargill’s earnings strengthened in the third quarter, totalling more than twice that earned in the first six months of the fiscal year,” said Greg Page, Cargill chairman and CEO.
“Although it continues to be an unsettled year for the global economy, we did a better job navigating the uncertainty. It reinforces our focus on creating value for our customers, improving our work processes and keeping our costs in check.”
See Also:
Click here for the full release.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
