In the first six months, the company earned $1.01bn, a 62% decrease from last year’s record first half of $2.68bn. Excluding earnings from its majority investment in The Mosaic Company, Cargill’s results were more moderately below the year-ago level in both periods.
“Cargill’s business and geographic diversity continued to demonstrate its value, as a different mix of business units moved to the forefront in the second quarter,” said Greg Page, Cargill chairman and CEO. “Performance was led by our food ingredients and agriculture services segments, both of which were up significantly from last year. With the global financial sector in recovery, we also realised much improved results in our risk management and financial segment.”
Source: Cargill
© FoodBev Media Ltd 2024