ADM reports 60 percent profit drop

ADM reports 60 percent profit drop

6 months, 2 weeks ago

Archer Daniels Midland said profits were hurt by charges stemming from the planned sale of a Mexican food company

From sj-r.com: DECATUR — Archer Daniels Midland said today that its fiscal first-quarter profit dropped 60 percent, hurt by charges stemming from the planned sale of a Mexican food company.

For the quarter that ended Sept. 30, the agribusiness conglomerate earned $182 million, or 28 cents per share, down from $460 million, or 68 cents per share, in the same quarter last year.

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