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Monsanto Reveals Steep Drop in First-Quarter Profit
2015-01-07 15:33:26| Chemicals - Topix.net
Monsanto Co, the world's largest seed company, said on Wednesday profits dropped 34 percent in the first quarter compared with a year ago, due in part to lower planted corn acres in South America and a shift in timing of some sales. Monsanto, known for its genetically engineered corn, soybeans and other crops as well as the popular Roundup herbicide, said net sales dropped to $2.9 billion in the quarter ended Nov. 30 compared with $3.1 billion in the year-ago period, with sales of corn seeds and genetic traits down 12 percent.
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Category:Chemicals
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