July 29, 2020 / 8:16 PM / 9 days ago

Grain trader ADM's profit doubles on boost from agri, nutrition businesses

July 29 (Reuters) - U.S. grains merchant Archer Daniels Midland Co on Wednesday posted a second-quarter profit that doubled from a year earlier, boosted by growth in its nutrition and agricultural services businesses.

Net profit attributable to the company rose to $469 million, or 84 cents per share, in the second quarter ended June 30 from $235 million, or 42 cents per share, a year earlier. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Anil D'Silva)

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