Monsanto Company saw considerable growth in the second quarter, especially when comparing this year’s figures to the numbers posted in the same quarter of 2002.
The worldwide provider of green industry-related products recently reported strong results in terms of net sales and net income.
Quarterly sales improved by 8 percent over last year’s second-quarter sales, mostly because of increased corn seed sales and higher trait revenues for soybeans, corn, cotton and canola.
Net income for the quarter was $295 million vs. $147 million in the second quarter of 2002, which included several factors that affected comparability.
"Our results in the second quarter were anchored by strong and steady growth in our seeds and biotechnology traits businesses,” Monsanto President and CEO Hugh Grant. “We also continued to effectively manage our Roundup herbicide franchise in a post-patent environment."
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