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Monsanto's profit jumps 28.7%

Monsanto's profit jumps 28.7%

Wednesday, April 5, 2017, 6:27 PM

U.S. seeds and agro-chemicals company Monsanto Co, which is in the process of being bought by Germany's Bayer AG for $66 billion, reported a 28.7% rise in quarterly profit, helped by strong demand for soybean and corn-seeds. Net-profit attributable to Monsanto rose to $1.37 billion, or $3.09 per share, in the second-quarter ended Feb. 28, from $1.06 billion, or $2.41 per share, a year-earlier.
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