April 17, 2007

Cargill's Q3 earnings rose 49 percent to US$553 million

Cargill's fiscal third-quarter net earnings rose 49 percent to US$553 million from US$370 million a year earlier.

The Minneapolis company said Monday (Apr 16) earnings from risk management and financial, food ingredients and applications, and industrial segments rose from a year ago.

Profit for the latest period ended Feb 28, also increased on lower taxes for the provider of food, agricultural and risk management products and services.