Meat business shows improvement in Cargill’s Q2 results
Cargill reported net earnings of $409 million in the fiscal 2013 second quarter ended Nov. 30, compared with $100 million in the same period a year ago. In the first six months, earnings totaled $1.38 billion compared with $336 million in the prior year. Second-quarter revenues rose 6 percent to $35.2 billion, which brought first-half revenues to $69 billion.
"Cargill posted a solid second quarter, with earnings balanced and diversified across the breadth of the company," said Greg Page, Cargill chairman and chief executive officer. "The steps we've taken over the past months to focus attention on what our customers value most, change how we work, instill more cost discipline and invest in growth are paying off in the current year. Most importantly, these changes are key to delivering sustainable growth year in and year out."