Jan 10 Global commodities trader Cargill Inc
on Tuesday reported a sharply higher adjusted
quarterly profit led by strong results from its beef and turkey
businesses in North America.
In the second quarter ended Nov. 30, Cargill's adjusted
operating earnings jumped nearly 80 percent to $1.03 billion,
from $574 million in the same quarter a year earlier.
Quarterly net income including one-time items fell to $986
million from $1.39 billion a year earlier, when sales of
Cargill's U.S. pork business and a steel mill bolstered results.
Revenue slipped to $26.9 billion from $27.3 billion in the
same quarter a year ago.
(Reporting by Karl Plume in Chicago; Editing by Meredith