July 20, 2005

Corn Products International reports lower Q2 net profits
 

US corn refiner, Corn Products International, has reported higher Q2 net sales at US$596.2 million, compared with US $572.0 million in the same period last year. First half net sales registered US$1.163 billion compared with US$1.122 billion last year.

However, Q2 net profit fell to US$26.5 million compared with US$29.5 million in the same period last year. First half net profit registered US$43.0 million compared with US$55.2 million last year.

The company expected a stronger performance during the second half of 2005.