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Syngenta reports 1H 08 results

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Highlights
From its IR web site

  • Sales up 20 percent at constant exchange rates to $7.3 billion
  • Crop Protection sales up 21 percent(2) at $5.55 billion
  • Seeds sales up 15 percent(2) to $1.74 billion
  • Earnings per share(1) up 36 percent to $16.53
  • Earnings per share $15.93 after restructuring and impairment
  • Capacity expansion to meet longer term demand growth

  • Video
    CEO interview (cantos, free registrastion required, look for Syngenta).


    Forbes: Syngenta A Place to Plant Investment .

    Also quote Bloomberg news here.

    Syngenta AG, the world’s biggest maker of agricultural chemicals, reported a 25 percent increase in first-half profit and raised its earnings targets as record grain prices spurred farmers to buy more pesticides and seeds.

    Net income rose to $1.52 billion, or $15.93 a share, from $1.22 billion, or $12.43, a year earlier, Basel, Switzerland- based Syngenta said in a statement today. Analysts in a survey predicted profit of $1.47 billion.

    Sales gained 28 percent to $7.3 billion. The importance of the northern hemisphere’s growing season means the company tends to do two-thirds of its business in the first half.

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