January 16, 2007

CHS posts net income US$136.3 million in Q1

CHS Inc reported making earnings of US$136.3 million for the Q1 of its 2007 fiscal year, down 12 percent from the same period a year ago.

Revenues for the quarter increased by 8 percent to US$3.8 billion from US$3.5 billion for the Q1 of fiscal 2006, reflecting solid performance within each of its three business segments, the company noted.

Earnings increased within the Ag Business segment, consisting of CHS agronomy, local retail facilities and grain marketing operations.

Within its processing segment, earnings generated by oilseed processing and the company's portion of the Ventura Foods, LLC, contributed to a solid Q1 fiscal 2007 for CHS.

CHS also recorded a US$5.3 million gain on its sale of a portion of its shares of CF Industries, a crop nutrients manufacturer.