ADM sees increase in third-quarter earnings

By | June 17, 2008
Agri-business Archer Daniels Midland Co. generated a 42 percent increase in its third-quarter earnings that ended March 31. Net earnings for the quarter reached $517 million versus $363 million during the same quarter a year ago. Revenue surged more than 64 percent to $18.7 million, compared with $11.38 million last year. The operating profits of ADM's Oilseeds Processing Segment increased $52 million for the quarter and $119 million for the past nine months "due principally to continuing strong global demand for protein meal and vegetable oil," the company said.
 
 
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