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Article: Corn Products International Reports 41 Percent Increase in 2006 First Quarter Diluted EPS of 31 Cents on Record Quarterly Net Sales.
- Article from:
- PR Newswire
- Article date:
- April 27, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Expects 2006 EPS Growth of 16 to 24 Percent Versus $1.19 in 2005
WESTCHESTER, Ill., April 27 /PRNewswire-FirstCall/ -- Corn Products International, Inc. , a leading global provider of agriculturally derived ingredients for diversified markets, today reported a 42-percent increase in net income to $23 million, or $0.31 per diluted share, for the first quarter ended March 31, 2006, compared with net income of $17 million, or $0.22 per diluted share, a year ago.
2006 first-quarter net sales improved 9 percent to $615 million, a record quarterly level, versus $567 million in the prior-year period. Favorable currency translations, primarily in South America, ...