Monsanto posts fourth-quarter profit on demand for corn, soybean seeds
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.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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