Reuters logo
Cargill swings to profit in 4th quarter on strong meat demand
July 13, 2017 / 1:21 PM / 3 months ago

Cargill swings to profit in 4th quarter on strong meat demand

July 13 (Reuters) - Cargill Inc swung to a profit in the fourth quarter on strong demand for beef and poultry and solid U.S. grain exports, the global commodities trader reported on Thursday.

The privately held company said adjusted operating earnings rose to $460 million in the quarter ended May 31, compared with a net loss of $19 million a year earlier.

Excluding one-time items, Cargill reported quarterly net income of $347 million, from $15 million in the same quarter a year earlier.

Revenue rose 4 percent to $28.3 billion. (Reporting by Karl Plume in Chicago; Editing by Jeffrey Benkoe)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below