September 10, 2008 / 3:03 PM / 9 years ago

Viterra profit rises 69 percent

WINNIPEG, Manitoba, Sept 10 (Reuters) - Viterra Inc VT.TO profit rose 69 percent in the quarter ended July 31 on strong fertilizer and chemical sales amid the commodity boom, Canada’s largest grain handler said on Wednesday.

Viterra, formerly known as Saskatchewan Wheat Pool, earned C$166.7 million ($155.8 million), or 71 Canadian cents a share, up from C$98.5 million, or 58 Canadian cents a share, in the equivalent quarter of 2007, when it acquired rival Agricore United for C$1.8 billion.

The year-earlier quarter included results from Saskpool and two months of Agricore United earnings. It also included one month of earnings from grain elevators that it had to sell to competitors to meet regulatory requirements. The company did not provide pro forma results for comparison.

$1=$1.07 Canadian Reporting by Roberta Rampton; Editing by Peter Galloway

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