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Article: Cargill Reports Fourth-Quarter and Fiscal 2009 Earnings.(Financial report)
- Article from:
- Economics Week
- Article date:
- September 4, 2009
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Cargill reported net earnings of $327 million in the fiscal 2009 fourth quarter ended May 31, down 69 percent from $1.05 billion in the same period a year ago.
For the full fiscal year, Cargill earned $3.33 billion, a 16 percent decrease from a record $3.95 billion in the prior year.
Revenues for the full year decreased 3 percent to $116.6 billion. Cash flow from operations declined 6 percent to $6.7 billion.
"The year was a tale of two halves," said Greg Page, Cargill chairman and chief executive officer. "Cargill posted record results through November. In the second half, earnings slowed considerably as the world economy contracted for the ...