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Agricultural trader ADM's 1st-qtr profit jumps 47 pct
May 2, 2017 / 11:15 AM / 7 months ago

Agricultural trader ADM's 1st-qtr profit jumps 47 pct

May 2 (Reuters) - U.S. agricultural trader Archer Daniels Midland Co on Tuesday reported a 47 percent jump in first-quarter profit, as higher U.S. exports of corn and soybeans boosted volumes and margins.

Net profit attributable to ADM rose to $339 million, or 59 cents per share, in the quarter ended March 31, from $230 million, or 39 cents a share, a year earlier.

Revenue rose to $14.99 billion from $14.38 billion. (Reporting by Siddharth Cavale in Bangalore and Karl Plume in Chicago; Editing by Sai Sachin Ravikumar)

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