Syngenta has announced a 6-percent boost in sales for 2003, with revenue from new products accounting for a $0.5 billion profit during the year. The end result for investors: a 36-percent climb in earnings per share – to $3.56 per share.
Especially significant for the green industry company’s year of growth was an increasing profit margin in the second half of 2003. “In 2003 Syngenta delivered a strong performance which provides an excellent platform for future growth,” explained Michael Pragnell, chief executive officer. “The second half of the year was particularly encouraging with sales growth in both the third and fourth quarters.”
Sales of selective herbicides, the Syngenta’s largest product line, were up after several years of weakening revenue.
For more detailed information about Syngenta’s 2003 financial figures, visit the financial section of the company’s Web site.
The author is Internet editor of Lawn & Landscape magazine and can be reached at aanderson@lawnandlandscape.com.