Cargill net earnings in fiscal 2019 first-quarter grew USD 47 mln

In the fiscal 2019 first-quarter, Cargill net earnings on a U.S. GAAP basis amounted to USD 1.02 billion, up 5% from USD 973 million in the prior-year period.

The first quarter of fiscal 2019 ended Aug. 31, 2018.

The adjusted operating earnings totalled USD 883 million, nearly matching the USD 888 million earned in last year’s strong comparative period. Revenues rose 5% to USD 28.7 billion.

"Regionally, Asia Pacific improved performance with good trading and oilseed processing results, while North America and Europe realized solid oilseed processing results in canola, soybeans and biodiesel," the message reads.

Previously it was reported that Cargill was listed in the largest VAT refund recipients with UAH 423.84 mln.