News

  02/04/2019 | Ingredients

Cargill reports rise in profits, mixed results for Food Ingredients & Applications

Cargill has reported its results for the fiscal 2019 third quarter and first nine months ended 28 February 2019. Key measures include adjusted operating earnings up 8 % compared to the USD 559 m earned last year. Net earnings on a US GAAP basis for the quarter were USD 566 m, a 14 % increase from USD 495 m in the year-ago period. For the nine months, net earnings declined 3 % to USD 2.33 bn. Animal Nutrition & Protein was the most significant contributor to Cargill’s adjusted operating earnings, according to the company, but there were mixed results for Food Ingredients & Applications.

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