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Company News

Cargill reports 14 pct rise in quarterly profit

March 28 (Reuters) - Commodities trader Cargill Inc reported a 14 percent rise in quarterly profit on Thursday, boosted by higher demand for beef and egg products.

The privately-held company reported bit.ly/2FGGhS2 net profit of $566 million for the third-quarter ended Feb. 28 from $495 million in a year earlier.

Its quarterly adjusted operating profit rose to $604 million from $559 million. Revenue fell 4 percent to $26.9 billion. (Reporting by Shanti S Nair in Bengaluru; Editing by Arun Koyyur)

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