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.