Nederlands
Service, Contact & Route
Iamsterdam.com
Arrival & Departure
Cargill shrugs off market flux to deliver record profits
Source: Lloyd's List, 11 August 2004
Agribusiness conglomerate Cargill, which has also an establishment in Amsterdam, saw fourth quarter net earnings soar 38% to $ 195m.
For 2004, earnings from continuing operations were a record $ 1.28bn, an increase of 24% on a year ago. Additional income from discontinued operations brought Cargill's net earnings to $ 1.33bn for the full year.
Last year's net earnings of $ 1.29bn included $ 256m from discontinued operations and a required change in goodwill accounting. Revenues for the full year rose 16% to $ 62.9bn.
Warren Staley, chairman and chief executive officer, said Cargill's operating earnings for the full year were broad based, with significant contributions from its food ingredient, grain and oilseeds, animal nutrition, risk management and financial businesses.
Last year's net earnings of $ 1.29bn included $ 256m from discontinued operations and a required change in goodwill accounting. Revenues for the full year rose 16% to $ 62.9bn.
Warren Staley, chairman and chief executive officer, said Cargill's operating earnings for the full year were broad based, with significant contributions from its food ingredient, grain and oilseeds, animal nutrition, risk management and financial businesses.
