July 11, 2019 / 1:04 PM / 4 months ago

Cargill adjusted profit slides 41% on trade tensions, U.S. floods

July 11 (Reuters) - Commodities trader Cargill Inc reported a 41% slump in adjusted quarterly profit on Thursday, as the U.S.-China trade war led to supply disruptions and flooding in the central United States hit marketing and transportation of grains.

The privately held company's adjusted operating profit fell to $476 million in the fourth quarter ended May 31 compared with $809 million a year earlier. (bit.ly/2XGioon) (Reporting by Shanti S Nair and Debroop Roy in Bengaluru; Editing by Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below