• Do you need reliable, experienced,
  • and skilled accounting services?
  • Contact us today!
 
Personal and business accounting may seem like something you can manage on your own, but often, utilizing the experience of an accounting professional can be helpful in avoiding costly mistakes. Read More »
Home  >  Austin business accouting  >  Monsanto Net Income Up 77% in Q3

Monsanto Net Income Up 77% in Q3

Posted on Friday, July 1st, 2011 at 6:58 pm.

Monsanto released its third quarter earnings Wednesday, showing substantial growth in their net income.

The company showed growth in all segments and across geographic locations, including the United States, Brazil, and Argentina. The third quarter is Monsanto’s most important, being the peak sales season for U.S. Farmers. The St. Louis-based company grew its net income 77 percent to $680 million in the third quarter. Monsanto revenue increased 21 percent to $3.59 billion.

Monsanto’s most profitable business, its global seed trade, saw sales hit $2.65 billion, up 12 percent. The company saw a strong demand for higher priced, genetically engineered seeds containing various traits. U.S. farmers paid more for high quality reduced refuge corn, as well as Round up ready 2 yield soybean seeds as global food prices hit historic highs.

If your company is interested in having an Austin corporation accountant handle its finances, please fill out our helpful contact form.