April 29, 2020 / 8:21 PM / a month ago

ADM first-quarter profit rises nearly 68%

April 29 (Reuters) - Global grain trader Archer Daniels Midland Co reported a nearly 68% rise in first-quarter profit driven by strength in its ag services and oilseeds and its nutrition businesses.

Net earnings attributable to the company rose to $391 million, or 69 cents per share, in the quarter ended March. 31, from $233 million, or 41 cents per share, a year earlier.

The Chicago-based company's revenue fell to about $15 billion from $15.3 billion. (Reporting by Shanti S Nair in Bengaluru and P.J. Huffstutter in Chicago; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below