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Cargill Earnings Jump
NEW YORK - Oct 17/07 - SNS -- Cargill reported net earnings of $917 million for the first quarter ended August 31, up 83% from $500 million in the same period a year ago.
First-quarter results were led by Cargill's origination and processing segment, which sources, processes, markets and distributes agricultural commodities and provides supply chain and risk management services to customers globally.
Two segments -- food ingredients and applications, and industrial -- also outperformed last year's first-quarter earnings. The agriculture services segment, which serves crop and livestock producers, edged ahead of last year's results. The risk management and financial segment was moderately below the year-ago level, which reflected smaller contributions from some energy and financial activities.
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