July 31, 2018 / 11:07 AM / 4 months ago

ADM quarterly profit more than doubles

July 31 (Reuters) - U.S. grains merchant Archer Daniels Midland Co's quarterly profit more than doubled on Tuesday, driven by higher returns from its oilseeds processing business.

Net profit attributable to ADM rose to $566 million, or $1 per share, in the second quarter ended June 30, from $276 million, or 48 cents, a year earlier.

Total revenue rose 14.2 percent to $17.07 billion. (Reporting by John Benny in Bengaluru Editing by Saumyadeb Chakrabarty)

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