August 3, 2012 / 3:37 AM / in 5 years

Agrium Q2 profit rises 20 pct, driven by demand for crop inputs

Aug 2 (Reuters) - North America’s biggest farm retail supplier Agrium Inc reported a 20 percent increase in quarterly profit late on Thursday as demand for crop inputs remained strong.

Net earnings for the second quarter ended June 30 rose to $860 million, or $5.44 per share, from $718 million, or $4.54 per share a year ago.

The Calgary, Alberta-based company’s earnings per share were within the outlook it offered on July 18 of $5.40 to $5.50.

Revenue for the company, which also mines crop nutrient potash, rose 10 percent to $6.83 billion.

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