Cargill adjusted profit slides 41% on trade tensions, U.S. floods
Reuters
Published Jul 11, 2019 09:07AM ET
Cargill adjusted profit slides 41% on trade tensions, U.S. floods
(Reuters) - Commodities trader Cargill Inc (CARG.UL) 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.
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Written By: Reuters
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