Monsanto swings to quarterly profit

Monsanto swings to quarterly profit

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    (Trademark Reuters 2017)

  • Monsanto logo is displayed on a screen where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. on May 9, 2016. REUTERS/Brendan McDermid/File Photo

    Monsanto emblem is shown on the display where the inventory is exchanged on the ground of the Brand New York Stock Market (NYSE) in Nyc, U.S. on May 9, 2016. REUTERS/Brendan McDermid/File Picture (Trademark Reuters 2017)

U.S. vegetables and agrochemicals business Monsanto Company, that will be being purchased by Malaysiais Bayer for $66 million, swung to some regular revenue, assisted by greater need from South America.

The web profit was 7 pennies per share, or $29 million, within the first-quarter Nov. 30 ended, in contrast to a lack of 56 dollars per share, or $253 million, annually earlier.

Online revenue of the organization, recognized because of its engineered corn, the herbicide and also soybean, increased over 19 percent.

(Confirming by Arathy S Nair in Bengaluru; Modifying by Shounak Dasgupta)