U.S. seeds and agrochemicals company Monsanto Co, which is being acquired by Germany`s Bayer AG, reported a quarterly profit, compared with a year-ago loss, helped by higher demand for corn and soybean seeds.
Net profit attributable to Monsanto was $20 million, or 5 cents per share, in the fourth quarter ended Aug. 31, compared with a loss of $191 million, or 44 cents per share, last year.
Net sales rose 4.8 percent to $2.68 billion.
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Updated: Wed, Oct 04, 2017
05:52 PM IST
05:52 PM IST
Reuters