(Reuters) - The largest U.S. food processor and ethanol producer, ADM said earnings rose to $954.8 million, or $1.47 per share, in the fiscal fourth quarter ended June 30, from $410.3 million, or 62 cents per share, a year earlier.
The quarter included after-tax gains on asset sales of $616 million. Part of the gain was $440 million for the exchange of stakes in certain Chinese joint ventures for shares in Wilmar International Ltd. , the largest agriculture processing business in Asia.
Read more at Reuters.com Business News
The quarter included after-tax gains on asset sales of $616 million. Part of the gain was $440 million for the exchange of stakes in certain Chinese joint ventures for shares in Wilmar International Ltd. , the largest agriculture processing business in Asia.
Read more at Reuters.com Business News
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