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Commodity trader Louis Dreyfus sees better signs as H1 profits rise [Reuters]

ARCHER-DANIELS MIDLAND (ADM)  More Company Research Source: Reuters
Last archer-daniels midland earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: adm.com/investors/presentations
PDF Commodity trader Louis Dreyfus sees better signs as H1 profits rise | Reuters Reuters Staff 3 Min Read * Group says first-half net, operating profits rose * Sales boosted by higher volumes * CEO sees “renewed optimism” after tough period PARIS, Sept 28 (Reuters) - Global commodity trading company Louis Dreyfus posted higher first-half profits, halting a two-year slide in core earnings, and saw signs of recovery for its businesses that have been impacted by a high supply of staple crops. However, it said profits remained low at its grains division while its sugar business was affected by tough market conditions. Louis Dreyfus said on Thursday that group net profit for the first half of 2017 rose to $160 million from $135 million a year ago, while its segment operating profits also rose to $602 million, from $546 million last year. Net sales advanced 18 percent to $27.7 billion, supported by an 8 percent rise in volumes that reflected the release of inventory from 2016, it added. “We ar [Read more]

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