26 June 2013 16:57 [Source: ICIS news]
HOUSTON (ICIS)--Monsanto’s fiscal 2013 third-quarter net income fell by 3% year on year to $909m (€691m), with sales flat at $4.25bn, the US-based international agricultural products and chemicals firm said on Wednesday.
Third-quarter results reflect a decreased year-on-year contribution from the Monsanto’s ?xml:namespace>
Monsanto’s gross profit for the three months ended 31 May was $2.26bn, compared with $2.36bn in the same period a year ago.
Monsanto said that for the full 12 months of fiscal 2013 it expects 20% growth in “ongoing earnings.”
"This is a year where the strength of our global portfolio has really been highlighted, and with the continued strength of our larger, more global business, we're on track to deliver more than 20% ongoing earnings growth in fiscal year 2013 and in a very strong position to build on that success with continued growth next year," said CEO Hugh Grant.
($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections