June 12, 2012 - 8:27 AM
CALGARY - Canadian agribusiness Viterra Inc. (TSX:VT) says its second-quarter profit more than doubled, rising to $67 million from $30 million a year earlier.
On a per-share basis, Viterra earned 18 cents — up from eight cents a year earlier.
Viterra's profit was better than a consensus estimate of 12 cents per share.
Its adjusted earnings hit $185 million in the three months ended April 30, a record for the quarter and up 43 per cent from a year earlier.
The report comes as European commodities trading giant Glencore International prepares to complete its acquisition of the grain handler and farm supplier.
News from © The Canadian Press, 2012