Monsanto fiscal Q4 net loss widens to $229m as sales fall 6.1%

03 October 2012 14:23  [Source: ICIS news]

HOUSTON (ICIS)--Monsanto’s fiscal 2012 fourth-quarter net loss widened to $229m (€176m), from a loss of $112m in the same period last year, as sales fell 6.1% to $2.1bn in a difficult corn-growing season, the US-based international seed and agrochemicals major said on Wednesday.

Monsanto’s sales in its corn seed and traits segment fell 12.4% year on year in its fiscal fourth quarter to $588m - "one of the most difficult growing seasons on record," the company said.

Monsanto’s loss from operations for the three months ended 31 August widened to $256m, from $70m in the same period last year, as gross profit fell 9.4% to $881m while operating expenses rose 9.1% to $1.1bn.

For the full 2012 fiscal year, Monsanto’s net income was $2bn, compared with $1.6bn in its 2011 fiscal year. Full-year sales were up 14% to $13.5bn.

($1 = €0.77)

By: Stefan Baumgarten
+1 713 525 2653

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