Swiss Syngenta‘s 2012 net income rises 17%, sales up 7%

06 February 2013 06:54  [Source: ICIS news]

SINGAPORE (ICIS)--Syngenta’s net income for the full year in 2012 increased by 17% year on year to $1.9bn (€1.4bn), backed by increased sales of 7%, the Switzerland-based agribusiness group said on Wednesday.

The group’s sales rose to $14.2bn, up from $13.3bn in 2011, Syngenta said in a statement.

Its sales volume rose by 7% year on year, while prices edged up by 3%, the statement said.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 17% year on year to $3.2bn, reflecting good volume growth and higher prices, it added.

“Our confidence in the coming season is reinforced by the fourth quarter business strength, notably in North and Latin America, as well as robust commodity crop prices,” said Mike Mack, Chief Executive Officer of Syngenta.

($1 = €0.74)

 


By: Surinder Malhi
+65 6780 4327



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