Monsanto Q1 Profit Jumps With Latin America Expansion

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Monsanto Co. said net income in the first quarter of fiscal 2013 jumped 160 percent to $349 million as sales rose 20.5 percent to $2.9 billion, compared with the prior-year quarter, with significant contributions from its corn seed and traits business.

For the fiscal quarter ended Nov. 30, St. Louis-based Monsanto said its continued corn business expansion in Latin America and strong shipments in the United States contributed to the strong results.

Read more in the St. Louis Business Journal

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