Cargill ends fiscal year with doubling in Q4 profits

  • August 19, 2010
  • source: just-food

US food and edible oils giant Cargill ended its fiscal year with a fourth quarter in which its profits more than doubled, the company announced this week.

Cargill posted fourth-quarter net earnings of US$691 million for the three months to the end of May, up from $327 million a year ago.

Excluding the results from fertilizer firm The Mosaic Co., in which Cargill owns a majority stake, fourth-quarter profits were up 87%.

For the full fiscal year, Cargill’s profits dropped 22% to $3.33bn. Excluding Mosaic, Cargill’s earnings rose 14% to $2.07 billion. Mosaic had dampened Cargill’s earnings in 2009.

Fourth-quarter revenues rose 11% to $28.1 billion, although annual sales fell 6% to $107.9 million.

just-food is the world’s leading portal for the global pre-packaged food and retail industries. Its daily mix of breaking news, views, analysis and research serves over 100,000 food executives each month. http://www.just-food.com/


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2 Responses to “Cargill ends fiscal year with doubling in Q4 profits”

  1. Sue Duncan on August 20th, 2010 9:10 am

    shame they did it at the expense of our farmers – yet again!!

    Stopping beef imports might have helped them but did not help our farmers bottom line.

  2. AMR on September 17th, 2010 10:12 am

    something is wrong in this report , ” Fourth-quarter revenues rose 11% to $28.1 billion, although annual sales fell 6% to $107.9 million ”

    107.9 million ????

    “