Monsanto, Syngenta Increase Sales
Monsanto and Syngenta are both reporting major sales increases during the first quarter of 2008 and expect continued success.
April 23, 2008
Monsanto reported that net earnings climbed 107% to US $1.1 billion thanks to its strong corn business, among other reasons. Sales increased by 45% to US $3.8 billion during the past quarter.
Syngenta, likewise, has had a sales boost during the first quarter. The company reported that, adjusted for exchange rate effects, turnover had increased by 20%. All business divisions had contributed towards the increase. Experts are expecting the upswing to continue for a long time due to strong demand and high prices.